Prologis, the global provider of distribution facilities, has leased more than 28,000 m[sup]2[/sup] of new space at two major parks in the UK. The group leased 17,500 m[sup]2[/sup] of space at its Kingston industrial park to Samson Holding, an investment holding company involved in manufacturing and trading of residential furniture. The park was completed in December 2007 and provides a total of 135,000 m[sup]2[/sup] of space.
Prologis, the global provider of distribution facilities, has leased more than 28,000 m2 of new space at two major parks in the UK. The group leased 17,500 m2 of space at its Kingston industrial park to Samson Holding, an investment holding company involved in manufacturing and trading of residential furniture. The park was completed in December 2007 and provides a total of 135,000 m2 of space.
Culina Logistics, a supply chain specialist for the food and drink industry, has taken 10,800 m2 at ProLogis Cabot Park near the city of Bristol. The park is strategically positioned between London, Wales, Birmingham and the Southwest.
Andrew Griffiths, managing director for Prologis in the UK, said: 'There is no doubt that demand for industrial logistics facilities in the UK slowed in 2008 due to volatility and unease in the financial and consumer markets. However, when consumer confidence returns to the UK, ProLogis has both the buildings and land positions to rapidly respond to renewed requirements for warehouse space.'
