Prologis UK is pleased to announce that it has signed an agreement to lease both buildings on Prologis Park Birmingham Interchange (PPBI) in Solihull to global automotive supplier, International Automotive Components Group (IAC) – a leading global supplier of automotive components and systems.
IAC signed an 11-year lease deal for both buildings on the park, totaling 310,000 sq.ft. The facility is strategically located close to the production site of Jaguar Land Rover (JLR) - a longstanding customer of IAC and the units will be used solely to service JLR’s requirements.
The site will be used for manufacturing, assembly and sequencing, in addition to housing certain centralised UK-based functions such as engineering, programme management, commercial, finance and IT. The company plans to invest in state-of-the-art highly automated process manufacturing for the site.
“We are a customer-centric company, which is why it was an easy decision for us to expand our operations near our customer’s production sites,” said Manfred Gingl, IAC Group’s CEO. “IAC views the UK as a strategic market, and we look forward to continuing our partnership with JLR long into the future.”