Great Bear snaps up Kettering shed

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Great Bear Distribution has taken ProLogis’ 153,000 sq ft warehouse at ProLogis Park Kettering.

The facility includes an existing 123,000 sq ft building, which has an EPC A (CO2 Index 24) rating and a 30,000 sq ft extension that, subject to planning, Prologis expects to complete in October 2012.  Great Bear is currently fitting out the existing facility to meet its customer’s requirements.

“With this agreement, all available space at Prologis Park Kettering has been let.  The 123,000 sq ft facility was the last building in our UK development portfolio and this is now fully leased,” said Andrew Griffiths, managing director of Prologis UK.

“By understanding Great Bear’s requirements we were able to provide a new, energy efficient facility that will be an ideal base from which it can service its customers’ supply chain requirements.”

“This new distribution centre is in an ideal location for our business,” said David Williams, managing director at Great Bear. “We needed a new facility at short notice and Prologis has been able to provide an excellent solution within a tight timeframe.”

The transaction completed in the second quarter of 2012.  As of March 31, 2012 ProLogis had approximately 18 million square feet completed and under development in the UK, as well as 1,075 acres of land available for future development.

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