Prologis is set to acquire a 263,000 m[sup]2[/sup] plot on the site of the former Peugeot car factory in the English town of Coventry for £40 mln (close to EUR 60 mln). Prologis is buying the property from the Barclay brothers, who purchased the entire 574,000 m[sup]2[/sup] area last March for £60 mln, Property Week reported. The Barclay brothers plan to build residential units and an 18,500 distribution warehouse on the rest of the land.
Prologis is set to acquire a 263,000 m2 plot on the site of the former Peugeot car factory in the English town of Coventry for £40 mln (close to EUR 60 mln). Prologis is buying the property from the Barclay brothers, who purchased the entire 574,000 m2 area last March for £60 mln, Property Week reported. The Barclay brothers plan to build residential units and an 18,500 distribution warehouse on the rest of the land.
