Construction work on Syncreon’s new 127,500 square foot distribution centre at Prologis Park Midpoint is progressing well and the building is on schedule to complete in September this year.
Syncreon, a global third party logistics provider, decided to lease the unit earlier this year, shortly after Prologis had started to build it speculatively. The facility is the final building at Prologis Park Midpoint and Syncreon will use it to service a contract with Jaguar Land Rover.
“We are delighted that Syncreon will be using the building to support the West Midlands automotive industry,” said Alan Sarjant, senior vice president at Prologis. “Logistics is essential to the industry and it is important that these distribution centres are close to the manufacturing base.
“This deal with Syncreon completes Prologis Park Midpoint, so we are seeking new employment sites in the West Midlands that can provide further facilities to meet demand. However, the supply of employment land is severely restricted and it is possible that this shortage could hamper further economic growth in the region.”
In line with Prologis UK’s policy on sustainable development, the new Syncreon distribution centre has been designed to achieve a minimum BREEAM 2011 ‘very good’ accreditation and the best EPC rating possible for its size.
Prologis owns and manages approximately 23 million square feet of logistics and distribution space in the UK as of March 31, 2015.