Prime space acquired in Golden Triangle
PROLOGIS UK has acquired an additional building at its highly successful logistics park in Coventry, further strengthening its holdings in a core location.
The 56,000 sq ft building, which is let to UK Flooring Direct until 2025, has been acquired for a consideration of £8 million from a UK fund. Prologis now owns and manages 1.86m sq ft of prime logistics space at the park, with potential for further expansion in the future.
Built by Prologis in 2003 as a design-and-build project, the building has been bought back to help meet existing and future demand for logistics space in the area.
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