Prologis, the global leader in industrial real estate today announced that it has signed an agreement to lease 116,000 square feet to Bidvest Logistics at Prologis Cabot Park in Avonmouth, Bristol.
Bidvest Logistics, the specialist hospitality and restaurant sector logistics company currently occupies the building, so the new lease allows the company to secure the continuity of its supply chain operations and safeguard local jobs.
“Prologis Cabot Park is an ideal location for many of our customers and we are delighted that we have been able to guarantee our future at Avonmouth,” said Shaun Foley, managing director of Bidvest Logistics UK. “The building gives us the capacity to develop our operations and it represents a significant investment in the continuing success of our business.”
Prologis Cabot Park is two miles from Junction 18/18a of the M5/M49 and 10 miles from the M4/M5 interchange.
“We are delighted that Bidvest Logistics has chosen to stay in the building and that we have been able to agree a new lease so that the company can continue its operations without any disruption,” said Andrew Griffiths, managing director of Prologis UK. “All our buildings are designed and constructed to very high quality standards, which means that we can offer minimal downtime between tenancies. ”
Savills acted for Prologis, while Lambert Smith Hampton represented Bivest Logistics.
Prologis owns and manages approximately 23 million square feet of logistics and distribution space in the UK as of March 31, 2015.