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Prologis
, the
leading global owner, operator and developer of industrial real estate, today
announced it has signed an agreement with Network Rail for a completed 300,000
square foot turnkey distribution center at Prologis Park Ryton in the West
Midlands.
Prologis Park Ryton is strategically-located on the A45 at the center of the
UK motorway network and proximate to Coventry Airport. The facility is being
designed to achieve Building Research Establishment Environmental Assessment
Method (BREEAM) "Very Good" accreditation and the best possible Energy
Performance Certificate (EPC) rating for its size. Construction is expected to
be complete in March 2013.
"We are delighted to have secured this new distribution centre at Ryton," said
Stephen Dady, supply chain manager at Network Rail. "Prologis was able to
offer us a facility that met the requirements of our parts logistics
operations and because planning permission was already in place, the building
will be ready to meet our timetable."
"This new agreement highlights the growing demand for Class-A logistics space
in the UK," said Andrew Griffiths, managing director, Prologis UK. "We are
pleased to accommodate the needs of Network Rail and look forward to continue
offering our customers the best opportunities in the UK market."
As of June 30, 2012, Prologis had approximately 18 million square feet of
logistics and distribution space completed or under development in the UK
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