Construction starts on 310,000 square foot speculative development at Hemel Hempstead

Sir Mike Penning MP joined guests on site at Prologis Park Hemel Hempstead to mark the start of construction. Prologis is speculatively developing four industrial and distribution buildings totaling 310,000 square feet, which are expected to complete in autumn 2018.

The units are the first to be constructed on the park, a 35-acre site that Prologis acquired in March this year. The speculative scheme can meet a range of occupier requirements, from 11,000-169,000 square feet, as two of the new buildings have been designed to be subdivided.

Each facility will be built to achieve a minimum BREEAM ‘Very Good’ accreditation, the best possible EPC rating for its size and each will include a rooftop solar installation.

Prologis Park Hemel Hempstead, which is at Maylands Gateway, initiates development within the town’s new Enviro-tech Enterprise Zone. When complete, the park will provide up to 585,000 square feet of industrial and distribution space, together with a £2.5 million investment in local highway infrastructure. Prologis will also create a network of safe pedestrian and cycle routes around the site and along Buncefield Lane, as well as a new ‘pocket park’, which the company will maintain for people who live and work locally.
 
Hertfordshire LEP Board Member Graham Lane said: “The start of construction by Prologis marks a significant milestone for Hertfordshire’s Enviro-Tech Enterprise Zone as work begins on site. We are delighted to have attracted a developer with such excellent sustainability credentials which fully meets our ambitions to create a high quality commercial area, built out to environmental standards which will create an exemplar for sustainable development.”

Prologis Park Hemel Hempstead has the potential to attract 750 new jobs and will almost double Prologis’ ownership within the town, which already supports around 1,000 jobs.
 
“We have been investing in Hemel Hempstead for almost 20 years because is a prime logistics and industrial location for London and the south east,” said Paul Weston, Senior Vice President, Prologis UK. “There is strong demand for high-quality facilities in the town and a great deal of interest in Prologis Park Hemel Hempstead, so we are delighted that the new speculative development has started on site.”

Prologis owns and manages approximately 24 million square feet of logistics and industrial space in the UK as of September 30, 2017.