Honda Logistics UK is buying the freehold of a build-ton-suit 32,550sq m distribution warehouse from ProLogis Developments. The facility is located at South Marston Park, Swindon, Wiltshire on a 15-acre site and ProLogis intends complete construction in September, when fit-out will commence.
It is expected that Honda will be fully operational in the state-of-the-art building on January 1, 2006.
The deal comes less than three months after ProLogis acquired from MEPC nearly 42 acres at South Marston Park, Swindon. Full B8 planning has been obtained for the Honda building and ProLogis will submit a further application soon for another 27,900sq m distribution warehouse on the adjacent land within its ownership.
The new warehouse, next door to the giant Honda manufacturing plant at Swindon, will be Honda Logistics’ new base for its UK-wide distribution for spare parts and motorcycle/power equipment units. It will replace the current facility at St Margaret’s, Swindon. The warehouse will have 11.5m eaves, four loading doors and 30 dock-levellers and include 1953sq m of offices on three storeys.
Paul Weston, first vice president at ProLogis, comments: “The Honda deal once again proves the power of a great location, and our ability to move quickly and be flexible in our approach. I have every confidence that the speculative shed we will be building at Swindon will attract substantial interest.”
Knight Frank and King Sturge are advising ProLogis at South Marston Park, while Honda represented itself.