LONDON-ProLogis has signed new lease agreements with three leading third-party logistics providers on distribution space comprising more than 1.1 million sf. The ProLogis facilities are in key logistics locations in the East and West Midlands and in Yorkshire.
"We're pleased with the vitality we're seeing in the UK market," says Alan Curtis, ProLogis managing director. "Our company accounted for close to a quarter of all industrial leasing across the country in 2005, and the size and volume of new transactions has remained strong for us through the first part of the New Year."
The deals comprise 700,000 sf let to Wincanton at ProLogis Park Kettering, a 120-acre industrial park in the East Midlands. Wincanton also leases more than 440,000 sf from ProLogis in Poland. E Pawon & Son has taken 253,000 sf at Wakefield Europort in Yorkshire, one of northern England's largest distribution and manufacturing parks. Finally, iForce has signed a lease on 165,000 sf at the Fort Industrial Park in Birmingham, West Midlands.
ProLogis owns, manages or is developing about 9.8 million sf of industrial-distribution space making it the United Kingdom's largest provider in the sector.
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