Prologis leases 151,000 square feet to Dwell at Milton Keynes

Press Release

October 18, 2016
by Andrew Griffiths

Prologis, Inc., the  global leader in logistics real estate, today announced a lease agreement for a purpose-built 151,000 square foot distribution centre at Prologis Park Marston Gate to furniture retailer Dwell.

The new facility is the first unit to be built on land that Prologis has acquired to extend the existing park. Construction began in June and the distribution centre, which has been designed to achieve a minimum BREEAM ‘excellent’ accreditation and the best EPC rating possible for its size, is scheduled for completion in early 2017.
 
Dwell plot at Prologis Park Marston Gate
“The building will serve as the national distribution centre for Dwell,” said Marcin Twardysko, Head of Distribution, Dwell. “Marston Gate is in an ideal location for our logistics network, and the unit has the flexibility to accommodate Dwell’s continuing growth. We are delighted to have secured it.”

Prologis Park Marston Gate is located to the south east of Milton Keynes next to Junction 13 of the M1. Situated at the heart of the UK motorway network, the park provides easy access to consumer markets in the Midlands, the South and the South East.
 

We decided to extend Prologis Park Marston Gate because we believe it offers one of the best opportunities for logistics operators on the M1 corridor

Andrew Griffiths, Prologis UK

Andrew Griffiths, Managing Director, Prologis UK said “We already have detailed planning permission for the site, so we can deliver Dwell’s new distribution centre to meet the company’s operational deadline.”

Lambert Smith Hampton and Burbage Realty acted for Prologis. Dwell was represented by Savills.

Prologis owns and manages approximately 23 million square feet of logistics and distribution space in the UK as of June 30, 2016.