European industrial specialist Prologis has signed two build-to-suit agreements totalling 22,600 m2 in Europe.
European industrial specialist Prologis has signed two build-to-suit agreements totalling 22,600 m2 in Europe.
The agreements cover a 11,400 m2 facility at The Bridge in Dartford, UK, with SEM, a high-tech manufacturing group as well as a 11,200 m2 logistics facility at Prologis Park Szczecin with Prime Cargo, a Danish third-party logistics company.
The Bridge is a 264-acre joint venture development between Prologis and Dartford Borough Council. The facility is designed to achieve a minimum BREEAM 2011 'very good' accreditation.
'The limited supply of high-quality logistics facilities is driving build-to-suit requirements in Europe,' said Philip Dunne, president of Prologis Europe. 'Our well-located land bank enables us to continue to meet our customers' immediate distribution needs in a variety of markets across the region.'
Prologis is a major provider of industrial real estate in Europe, with 13.9 million m2 of logistics and distribution space as of December 31, 2013.
