Prologis Signs Build-to-Suit Agreement with Europa Worldwide Logistics
Prologis has announced a build-to-suit agreement with Europa Worldwide Logistics for a 262,500 sqft logistics facility at Prologis Park Littlebrook in Dartford.
Prologis, the leading global owner, operator and developer of industrial real estate, has announced a build-to-suit agreement with Europa Worldwide Logistics for a Stephen George & Partners-designed 262,500 sqft logistics facility at Prologis Park Littlebrook in Dartford that will serve as the company’s headquarters and Southern hub.
Europa, which is one of the largest privately owned transport and logistics companies in the UK, will be moving its existing head office from its base in Erith. The new building has been designed to support the company’s road freight operations and will complement Europa’s existing northern hub at Prologis Park Midpoint in the West Midlands.
Andrew Baxter, managing director of Europa Worldwide Logistics, said, “The new site will increase our capacity to handle logistics contracts which is an area of our business that has grown considerably in recent years. A large part of our business is providing storage and pick and pack services to companies selling goods over the internet.”
“Our new site at Littlebrook is in an ideal location allowing easy access to continental Europe as well as to the rest of the UK,” continued Baxter, who acquired the company in August 2013. “We have worked closely with Prologis to design a state-of-the-art facility that will increase our capacity and help us provide the best possible service to our customers. This move marks the biggest single investment in the business for many years and is an exciting next step for Europa.” The new facility, which will start on site in early summer 2014, has been designed to achieve a minimum BREAAM 2011 ‘very good’ accreditation and the best EPC rating possible for its size. Europa will move onto the site in Spring 2015. “We are pleased that we are able to offer Europa a build-to-suit facility that meets their exact requirements on this well-located site,” said Andrew Griffiths, managing director, Prologis UK. “This transaction reflects the short supply of good quality standing stock in the UK market.”