Prologis UK is celebrating a trio of leases at Prologis Park Hemel Hempstead with the announcement that Nile Trading, one of the leading importers, stockists and distributors of natural stone and quartz in the UK, will take an 11,402 square foot building on the Park.
Nile Trading will move from Cheshunt to join Riwal UK and leading consumer delivery company, Hermes, as the third occupier on the Park. The company has signed a ten-year lease on one of the four terraced warehousing units available on Prologis Park Hemel Hempstead.
Neel Shah, Director of Nile Trading, said: “This new, modern building gives us the extra space we need and the strategic location of Prologis Park Hemel Hempstead, close to the M25 at the base of the M1 corridor, will help us deliver a fast, responsive service to our existing customers across London and the South East/West, in addition to targeting a new market in the North.”
Prologis Park Hemel Hempstead, which is at Maylands Gateway, sits within the town’s new Enviro-tech Enterprise Zone. When complete, the park will provide up to 540,000 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.