Prologis is to speculatively build a 316,000 sq ft distribution centre at DP World’s London Gateway Logistics Park, in a 50:50 joint venture with the site owner.
The new facility is designed to offer flexible distribution space. The single-sided, 15m-high unit has a 55m yard and space for potential expansion.
The park, one of the largest multi-modal logistics hubs in Europe, is located next to the DP World London Gateway container port on the north side of the River Thames in Essex.
The target date for the completed building is spring 2015. The facility will go through the local development order in place to fast-track development on the site.
Marks & Spencer is to become the park’s first tenant after committing to a £200m distribution centre at the site.
Prologis UK managing director Andrew Griffiths said: “This is the best opportunity in the South East to offer multi-modal connectivity. The park has the potential to offer big cost savings and efficiencies for global supply chains and we believe it is a game-changer for the UK market.”
DP World London Gateway chief executive Simon Moore added: “I am confident that this partnership will deliver a great development and I am looking forward to seeing the building work start very soon.”
chris.berkin@estatesgazette.com
