We’re delighted to announce our plans to expand Prologis Park Midpoint, Birmingham, to provide more urban logistics facilities for our customers in the Midlands through our recent acquisition of around nine acres of land adjacent to this popular logistics park.
We plan to develop a new warehouse facility of up to, 165,000 sq. ft on the site of the former fulfillment centre and this acquisition presented us with a rare opportunity to acquire a prime site in a well-established and highly sought-after logistics location in Birmingham. We’re very pleased to have worked closely with Coltham to secure this and look forward to delivering a further phase and expanding Prologis Park Midpoint, which already holds over 1.4m sq ft in five fully-leased buildings.
The Birmingham conurbation, is the second most populated region in the UK (behind London) and has a dwindling supply of land for industrial use, largely due to a loss of space to residential development and the constraints of the greenbelt. As a result, we could soon be facing the same problem as the capital, where there is limited space available for warehouses and distribution centres close to the businesses and homes that rely on their services.
Situated close to the M6, M6 toll and M42 motorways, and benefiting from excellent transport links for rail and air freight too, the planned new building at Prologis Park Midpoint will enable us to meet growing demand for urban logistics facilities within the UK’s logistics Golden Triangle.
Stuart Franks, Development Director at Coltham Developments Ltd, said: “Great to have completed the acquisition of this prime site for Prologis. It was a pleasure to work with Ian and his team, together with Simon Norton at Colliers CRE, who acted for the vendor, Asda. I wish Prologis every success with their proposals for the site moving forward to provide much needed logistics space within Birmingham.”
