Prologis UK has announced the acquisition of a 24-acre development site in North London.
Located just off Junction 26 of the M25 to the south of Waltham Abbey, the site sits in an area occupied by numerous national and international distribution operators.
Reportedly, the site provides an opportunity to deliver high-quality, sustainable, advanced manufacturing and logistics units that meets the evolving needs of modern supply chains.
Directly adjacent to the subject site sits Sainsbury’s Waltham Point Distribution Centre, with GXO, Ocado, Iceland, Tesco and John Lewis in close proximity.
Prologis UK regional head, Paul Weston, said: “This acquisition underscores our conviction in the Greater London market.
“Waltham Abbey is already a well-established logistics location, and this site gives us the ability to bring forward sustainable, space that supports our customers’ growth while creating employment opportunities and attracting investment for the local community.”
