Prologis Signs Two Build-to-Suit Agreements in Europe Totaling Nearly Half a Million Square Feet [Real Estate]
Prologis announced it has signed two build-to-suit agreements totaling 493,500 square feet (45,800 square meters) in the United Kingdom.
The agreements include:
A 262,500 square foot (24,400 square meter) logistics facility at Prologis Park Littlebrook in Dartford. The new building has been designed to support the customer's road freight operations and will complement their existing distribution facility at Prologis Park Midpoint in the West Midlands; and
A 231,000 square foot (21,500 square meter) facility at Prologis Park Ryton in the West Midlands. Located at the center of the UK motorway network, the new facility will enable the customer to further enhance its operations.
Both facilities have been designed to achieve a minimum Building Research Establishment Environmental Assessment Method (BREEAM) 2011 "Very Good" accreditation and the best Energy Performance Certificate (EPC) rating possible for their size.
"These new agreements reflect the limited supply of high-quality logistics facilities in the UK market," said Andrew Griffiths, managing director, Prologis UK. "Our well-located land bank and development expertise further enable us to support our customers' expansion requirements and meet their immediate needs in key European markets."
Prologis is the leading provider of industrial real estate in Europe, with approximately 145 million square feet (13.5 million square meters) of logistics and distribution space as of September 30, 2013.
Posted at 22:48