Prologis has formally announced completion of the letting of its speculatively built 342,622 sq ft warehouse adjacent to the M1 at Junction 15, Grange Park, Northampton to Clipper Logistics PLC who will manage the distribution of all of Zara’s online sales in the UK. This will bring up to 1,000 jobs in Northampton.
The distribution centre which Prologis built speculatively was only completed in March 2015, but was under offer prior to practical completion.
Andrew Griffiths, Managing Director of Prologis UK said “we decided to build speculatively at Grange Park because we believe it offers one of the best opportunities for logistics operators in the East Midlands. We are delighted that the building meets Clipper’s requirements and that it was ready in time to meet their operational deadline”.
Chris Drummond, Director, TDB Real Estate said “this vindicates the decision of Prologis to make such substantial speculative investment in Northampton in what has traditionally been one of the UK’s most active logistics markets. The lack of available buildings has shown the need for speculative development of this nature, as it is clear there is strong demand from occupiers, but it is important that there is a sufficiently strong supply of land available to both developers and occupiers to satisfy such opportunities in the short, medium and long terms”.