The rapid growth in demand for logistics property since the start of the pandemic, largely due to the sharp rise in e-commerce activity, is attracting inward investment to Croydon. New warehouses have been let at Prologis Park Beddington Lane, which completed last summer, with all other units already under offer.
Prologis, the UK’s leading developer of logistics property, has agreed a 10-year lease for a new 131,780 sq ft unit, currently under construction at Prologis Park Hams Hall. Birmingham based logistics and distribution company LTS Global Solutions will be moving into DC3, which is due for completion in the summer,
Work on four new speculatively built units is underway at two major West Midlands logistics parks as Prologis, the leading developer of industrial property in the UK, expands its portfolio at Prologis Park Hams Hall and Prologis Park Ryton, near Coventry. At Prologis Park Hams Hall, three buildings are currently
Prologis, the UK’s leading developer and owner of logistics property, has acquired an additional building at its highly successful logistics park in Coventry, further strengthening its holdings in a core location. The 56,000 sq. ft. building, which is let to UK Flooring Direct until 2025, has been acquired for a
Prologis UK has appointed two new customer-facing staff to focus on maintaining and developing customer relationships as demand for logistics property continues to grow. Will Cassar and Milena Blair will be drawing on their experience in the property and logistics sector to support customers in securing logistics facilities in the
Prologis, the UK’s leading developer of industrial logistics parks, today announced plans to expand Prologis Park Midpoint, Birmingham, to provide more urban logistics facilities for customers in the Midlands. The company, which is headquartered in Solihull, recently acquired around nine acres of land adjacent to Prologis Park Midpoint and plans
In Q4 2020, Prologis completed the sale of its ‘Platform Portfolio’ to Blackstone for £473 million. This transaction was the largest sale of logistics real estate assets on record in the UK. The majority of assets within the ‘Platform Portfolio’ were acquired from Liberty Property Trust during Prologis’ acquisition of
Prologis UK has announced that it will build a new logistics facility for its customer Rajapack, close to the company’s existing facility at Prologis Park Marston Gate. Prologis recently secured planning permission for the 261,230 sq. ft square foot industrial logistics building and work on site started in July, when
A major capacity boost is expected to the rail freight network in the UK as work has begun on a major project at Daventry International Rail Freight Terminal in Northamptonshire. The project is being led by Prologis UK and is being delivered by Winvic Construction Ltd and will see the
The rapid growth in demand for logistics property since the start of the pandemic, largely due to the sharp rise in e-commerce activity, is attracting inward investment to Croydon. New warehouses have been let at Prologis Park Beddington Lane, which completed last summer, with all other units already under offer. Prologis UK began work on the redevelopment of the site at Beddington Lane, Croydon, in March 2018, after acquiring the former Thames Water sewage works. Comprising six purpose-built units, each with a BREEAM standard of Excellent and a high EPC rating, the development offers over 220,000 sq. ft. of warehouse and office space and was completed last summer. One of the buildings are already let – one to Easy Shipping, a leading storage and removals business, and the other to Oddbox, a purveyor of fruit and vegetable boxes that are delivered to people’s homes. Two further units, spanning 146,000 sq. ft. are currently under offer. The development is in a prime location, close to the A23, Purley Way, which is a priority red route into Central London. It also has great access to the M25 south-west quadrant, which is densely-populated by homes and businesses. There are also good public transport links nearby, and Beddington Lane Tram Stop a five-minute walk away. With more businesses choosing to locate in Croydon, Prologis UK is aiming to set a new standard for logistics property in the Borough by creating buildings that are net zero carbon in terms of both their construction and operation. The new buildings at Beddington Lane are fitted with photovoltaic panels so they can harness sunlight and provide a source of electricity to the occupier. Daylight has also been optimised during the design and construction of each building and LED lighting with automatic daylight and movement controls is installed as standard. Prologis UK is committed to adding value to the environment and local community too. With plans to promote biodiversity at the site, staff at the property company are also active participants in the local community, with representation on the Croydon Place Renew Panel, run by Croydon Borough Council. Gillian Scarth, Director of Capital Leasing & Deployment at Prologis UK, said: “Prologis has been present in Croydon for many years and we let one of the UK’s biggest warehouses to a leading online retailer at a site close to Prologis Park Beddington just last year. “This latest development of prime logistics property is designed to cater for businesses of all sizes – with warehouse and office space ranging from 15,000 sq. ft. to more than 100,000 sq. ft. With a building already let and others under offer, it is clear that demand in the area is very strong indeed and this is an economic opportunity for the local area. “We believe that repurposing sites in areas such as Croydon is critical to consumers and businesses across the South East, to help maintain the flow of goods.”
Prologis, the UK’s leading developer of logistics property, has agreed a 10-year lease for a new 131,780 sq ft unit, currently under construction at Prologis Park Hams Hall. Birmingham based logistics and distribution company LTS Global Solutions will be moving into DC3, which is due for completion in the summer, as part of their ambitious expansion plans. LTS Global Solutions, advised by Gerald Eve, provides a comprehensive range of services within logistics, transport and shipping worldwide. It is partnered with some of the world’s major shipping line and airlines to facilitate the provision of bespoke supply chain solutions which include storage, Just In Time delivery and international freight forwarding. Like all new Prologis UK buildings, DC3 at Prologis Park Hams Hall will meet the highest standards of sustainability and is planned to meet net zero carbon emissions in construction. Additionally, the building will aim to be BREEAM ‘Excellent’ as well as achieving an EPC A rating. Located only 10 miles from Birmingham City Centre and 1 mile from Junction 9 of the M42, Prologis Park Hams Hall is already home to Jaguar Land Rover’s Battery Assembly Centre and is one of the leading manufacturing and logistics locations in the UK. The wider Hams Hall park also features an on-site rail freight terminal and is home to global brands such as BMW, Sainsburys and DHL. Tom Price, capital deployment and leasing director at Prologis UK, commented: “Welcoming LTS Global Solutions as one of our newest customers is testament to the growing demand for prime logistics real estate space right now – and the business will certainly be in good company at Prologis Park Hams Hall. “Dave and his team have growth in their sights and we’re extremely proud that we’ve been able to provide a high quality facility in a prime location that will allow the business’ expansion plans to come to life.” Dave Hands, managing director at LTS Global Solutions, adds: “Moving into the new unit at Hams Hall signifies an exciting time for us. It’s been a pleasure working with the Prologis team and we can’t wait to move in and push on with our plans to expand our operations further.” John Sambrooks, Partner for Gerald Eve, said: “The successful lease of Ham Hall illustrates the continued demand for well-located, high-spec industrial facilities. Its strategic location, combined with LTS Global Solutions’ track record of industrial supply chain solutions, makes this an attractive dynamic for the company’s significant expansion plans. We’re delighted to have secured the premises for LTS, and look forward to seeing the company grow over the coming years.”
Work on four new speculatively built units is underway at two major West Midlands logistics parks as Prologis, the leading developer of industrial property in the UK, expands its portfolio at Prologis Park Hams Hall and Prologis Park Ryton, near Coventry. At Prologis Park Hams Hall, three buildings are currently under construction with steelwork and cladding currently being put in place. The three units – DC2 (259,510 sq. ft.), DC3 (131,780 sq. ft.), and DC4 (85,685 sq. ft.) – are set for completion in summer 2022. At Prologis Park Ryton, work is underway on a 330,770 sq. ft. unit, also due to be completed in summer 2022. With seven of its 22 logistics parks located in the West Midlands, these new developments further strengthen Prologis’ commitment to delivering logistics property in strategic locations for UK supply chains. Prologis Parks Ryton and Hams Hall are important locations in the Midlands, especially for the automotive industry and are already home to companies such as Jaguar Land Rover, LEVC and DHL. Both sites have quick access to the national motorway network, with Prologis Park Hams Hall also featuring an on-site intermodal rail freight terminal, which links to three seaports and the channel tunnel. Alongside playing their part in improving the flow of goods around the country, the four new units will also deliver social value through job creation and strengthening the local economy. Sustainability has been factored into the build process from the outset too, with all units being net zero in construction, and will be targeted BREEAM-rated ‘excellent’, and EPC A rated. Tom Price, capital deployment and leasing director at Prologis UK, said: “These four new units will provide vital extra capacity for the West Midlands logistics and warehousing market. We know that our customers and the wider business community recognise the value of the region to their supply chain operations, and we’re pleased to be providing facilities to help meet that demand. It’s exciting to see the new units take shape and we’re looking forward to their completion later this year.”
Prologis, the UK’s leading developer and owner of logistics property, has acquired an additional building at its highly successful logistics park in Coventry, further strengthening its holdings in a core location. The 56,000 sq. ft. building, which is let to UK Flooring Direct until 2025, has been acquired for a consideration of £8 million from a UK fund. Prologis now owns and manages 1.86m sq. ft. of prime logistics space at the park, with potential for further expansion in the future. Built by Prologis in 2003 as a design-and-build project, the building has been bought back to help meet existing and future demand for logistics space in the area. From its location within the logistics ‘golden triangle’, at the heart of the UK’s motorway network, Prologis Park Coventry is less than 2 miles from Junction 3 of the M6. The site is currently fully-let and along with UK Flooring, customers include household names such as Bridgestone, DHL, Royal Mail and Co-Op. James Hemstock, Director in the Capital Deployment & Leasing team at Prologis UK, said: “This is a purchase which signals our commitment to strengthening our asset base at Prologis Park Coventry – an excellent location that continues to meet the needs of our customers in a core Midlands market. We hope that we will soon be in a position to extend the site further, so we can continue to meet demand for much-needed warehouse and logistics space within the logistics ‘golden triangle’.” Prologis was advised on the property acquisition by Acre Capital.
Prologis UK has appointed two new customer-facing staff to focus on maintaining and developing customer relationships as demand for logistics property continues to grow. Will Cassar and Milena Blair will be drawing on their experience in the property and logistics sector to support customers in securing logistics facilities in the locations they need and ensuring their transition to a new property is as seamless and hassle-free as possible. They will be working with a variety of customers, large and small, including many household names such as Royal Mail, boohoo, Dunelm, Eddie Stobart and Tesco. Both Will and Milena will be responsible for working closely with customers at all 22 Prologis Parks in the UK to deliver successful outcomes, help navigate market conditions, solve problems and provide flexibility, and support for bids and pitches. They will also be responsible for engaging with customers around initiatives such as PARKLife, training programmes and green transport schemes. Will Cassar is joining Prologis’ Capital Deployment team and will focus on helping to grow the company’s Customer Led Development business. In his previous role at CBRE he acted for some existing Prologis’ customers, such as Dunelm, and also has experience of working with real estate teams at Geodis, LG Electronics, General Electric, and leading online retailers. Phil Oakley, vice president, Customer Led Development at Prologis UK, said: “Will brings a great deal of experience to support us in expanding our Customer Led Development business across the UK. Having worked with Prologis and some our customers previously, he has first-hand knowledge of our high standards when building and maintaining customer relationships. I look forward to working with Will and I am convinced that he will be an asset to the UK team and the wider business.” Formerly at ADP, Milena Blair joined Prologis in November 2021 as of Real Estate and Customer Experience manager for London and the Southeast. Her role focuses on developing and strengthening customer relationships within the region, the development of Prologis Essentials business lines, and helping to build the PARKLife experience for the benefit of customers in the region. She has a particular focus on community outreach, social responsibility and sustainability. Stuart Davies, real estate and customer experience lead at Prologis UK, said: “Milena is an important addition to our team, and she brings a wealth of experience in areas such as client management, customer care and supporting the introduction of new business lines. These attributes are already proving to be important assets and we are delighted to have Milena onboard.”
Prologis, the UK’s leading developer of industrial logistics parks, today announced plans to expand Prologis Park Midpoint, Birmingham, to provide more urban logistics facilities for customers in the Midlands. The company, which is headquartered in Solihull, recently acquired around nine acres of land adjacent to Prologis Park Midpoint and plans to develop a new warehouse facility of up to, 165,000 sq. ft on the site of the former fulfillment centre. The acquisition was facilitated by Coltham Developments who worked with Prologis to secure the land. Speaking about the expansion, Ian Romano, from the Capital Deployment & Leasing Team at Prologis UK, said: “This acquisition presents a rare opportunity to acquire a prime site in a well-established and highly sought-after logistics location in Birmingham. We’re very pleased to have worked closely with Coltham to secure this and look forward to delivering a further phase and expanding Prologis Park Midpoint, which already holds over 1.4m sq ft in five fully-leased buildings. “The Birmingham conurbation, is the second most populated region in the UK (behind London) and has a dwindling supply of land for industrial use, largely due to a loss of space to residential development and the constraints of the greenbelt. As a result, we could soon be facing the same problem as the capital, where there is limited space available for warehouses and distribution centres close to the businesses and homes that rely on their services. “Situated close to the M6, M6 toll and M42 motorways, and benefiting from excellent transport links for rail and air freight too, the planned new building at Prologis Park Midpoint will enable us to meet growing demand for urban logistics facilities within the UK’s logistics Golden Triangle.” Stuart Franks, Development Director at Coltham Developments Ltd, said: “Great to have completed the acquisition of this prime site for Prologis. It was a pleasure to work with Ian and his team, together with Simon Norton at Colliers CRE, who acted for the vendor, Asda. I wish Prologis every success with their proposals for the site moving forward to provide much needed logistics space within Birmingham.” Prologis Park Midpoint is one of 22 industrial parks owned and run by Prologis across the UK. Find more information about Prologis Park Midpoint here.
In Q4 2020, Prologis completed the sale of its ‘Platform Portfolio’ to Blackstone for £473 million. This transaction was the largest sale of logistics real estate assets on record in the UK. The majority of assets within the ‘Platform Portfolio’ were acquired from Liberty Property Trust during Prologis’ acquisition of the company in February 2020. The ‘Platform Portfolio’ comprised approximately 4.3 million square feet of buildings as well as approximately 31 acres of consented development land in the UK: 22 stand-alone buildings totaling 4.3 million square feet located principally in The Midlands, England, as well as South West and North West England; Approximately 31 acres of consented development land in Staffordshire and Widnes, England. ”This transaction effectively completed our efforts to realign our UK portfolio with our long-term investment strategy and focus on urban, Last Touch® properties located near consumers,” said Paul Weston, senior vice president, regional head, UK, Prologis. “The outcome achieved demonstrates the strength of the logistics sector as an investment asset class.” “The outcome achieved demonstrates the strength of the logistics sector as an investment asset class.”
Prologis UK has announced that it will build a new logistics facility for its customer Rajapack, close to the company’s existing facility at Prologis Park Marston Gate. Prologis recently secured planning permission for the 261,230 sq. ft square foot industrial logistics building and work on site started in July, when representatives from Prologis, Rajapack and Central Bedfordshire Council met to hold a groundbreaking ceremony. Rajapack currently operates out of a 100,000 sq. ft facility on Prologis Park Marston Gate; however, due to a growing requirement for space, the company needed a larger building. Moving away from the area would have resulted in significant business disruption and a loss of local jobs and, therefore, Prologis worked with Rajapack to help the French-owned packaging company realise its ambitions for growth from a Prologis-owned site in the neighbouring area of Brogborough. “By structuring a deal which will enable Rajapack to move from its existing building and seamlessly expand into a larger building nearby, we were able to avoid local job loss and business disruption for the company,” said Oliver Bycroft, Director in the leasing and development team at Prologis UK. “It’s great to see the company investing in the Central Bedfordshire area and we look forward to supporting their continued success.” “This new building is absolutely crucial to our plans for growth,” said Tom Rodda, Managing Director for Rajapack UK. “Not only will the new building enable us to better serve our customers and provide them with a greater range of products and services, it will also be a great new facility for our employees and will provide them with a bright, modern environment in which to work, including an employee gym. Being able to stay in the Central Bedfordshire area was important for us as it enables our employees to grow with us and we look forward to creating news jobs in the area as part of our plans” Councillor Kevin Collins, Executive Member for Planning and Regeneration at Central Bedfordshire Council, said: “Marston Gate is already a thriving strategic employment site within Central Bedfordshire, so we’re delighted that it will be generating even more local jobs in the future. The area has been allocated for housing development in our draft Local Plan, so there will be greater access to a new local workforce and jobs for our residents.” Prologis has been investing in central Bedfordshire for almost two decades and has worked closely with Central Bedfordshire Council on the development of sustainable logistics facilities which bring valuable jobs and amenities to the local area. Customer Case Study – Rajapack, Prologis Park Marston Gate Supporting plans for growth Rajapack currently operates out of a 100,000 sq. ft facility on Prologis Park Marston Gate; however, due to a growing requirement for space, the company needed a larger building. Moving away from the area would have resulted in significant business disruption and a loss of local jobs and, therefore, Prologis worked with Rajapack to help the French-owned packaging company realise its ambitions for growth from a Prologis-owned site in the neighbouring area of Brogborough.
A major capacity boost is expected to the rail freight network in the UK as work has begun on a major project at Daventry International Rail Freight Terminal in Northamptonshire. The project is being led by Prologis UK and is being delivered by Winvic Construction Ltd and will see the construction of a new rail freight terminal with a new access road. Daventry terminal, known as DIRFT, is recognised as one of the most successful intermodal logistics parks in the UK. It is situated in the Golden Triangle, which spans from Northampton to East Midlands Airport, in the North, and is located near the M1, and of course the West Coast Main Line. Daventry is currently home to big names such as Sainsbury’s, Tesco, Royal Mail and DHL, and currently handles 12 freight trains a day. The latest phase of work includes the construction of a new terminal and enhancement to the current rail corridor which connects into the West Coast Main Line. Construction has already begun and is expected to be completed in 2021.
