Sunday 23rd Oct 2016 - Logistics Manager

ProLogis hits a million

Developer ProLogis has racked up lettings on existing built space totalling more than one million sq ft across four schemes in the last two months.

It secured a 550,000 sq ft deal with Amazon in Peterborough albeit on a very short-term lease at its Kingspark scheme where agents Burbage Realty and Savills advised.

And the developer has also let DC2, a 128,000 sq ft warehouse, at its ProLogis Park Stafford to luxury goods group WWRD that owns and operates Waterford Crystal, Wedgwood and Royal Doulton. Wedgwood, which acted for itself, it will pay £5.25 per sq ft for the space. King Sturge acted for ProLogis.

Retailer Marks & Spencer has relocated to ProLogis’ 382,000 sq ft facility at ProLogis Park Stoke. The unit has been vacant for 18 months. The company is moving from Radial Point, off the A500 in Stoke. GVA Grimley, Lamonts and North Rae Sanders acted for ProLogis; Cushman & Wakefield advised M&S.

Finally, Taiwan-based global marketing and manufacturing group Kenmark has leased ProLogis’ 150,000 sq ft Eurohub Corby unit in Northamptonshire.