Developer Prologis has started building a 127,500 sq ft speculative building on the final plot at Prologis Park Midpoint near Minworth in the West Midlands.
Known as DC1, the building, which has been designed to achieve a minimum BREEAM ‘very good’ accreditation and the best possible EPC rating for its size, will complete this summer.
Joint letting agents are Savills, JLL and Gerald Eve who are quoting a rent of £6.50 per sq ft.
The news follows the announcement that Prologis has submitted plans for a 163,965 sq ft extension to the 312,550 sq ft Jaguar Land Rover unit DC4 on the park.
The planning stamen letter to the council said: “This [extension] is being proposed in response to the requirements of a specific tenant, one of the region’s most important industrial occupiers, Jaguar Land Rover, which has leased Unit DC4 as part of its storage and distribution operations. It also reflects market demand in the area for larger distribution units more generally.”
Outline planning permission was granted for Prologis Park Midpoint on 16 June 2006 for up to 1.17 million sq ft of industrial space, this has increased over the years to 1.27 million sq ft. The new DC4 unit would total 476,515 sq ft and would include 10,000 sq ft of offices and a new gatehouse and associated car and HGV parking.
Jaguar Land Review will occupy unit DC4 in a phased approach.
Prologis specs final shed at Prologis Park Midpoint
Christopher Walton
Chris succeeded the legendary Malory Davies in September 2019 as Editor of Logistics Manager and host of the Supply Chain Excellence Awards. Day-to-day Chris writes about all things supply chain; materials handling and industrial property and is curator of the annual LM Top 50 Service Providers. He has worked as a business journalist since 2002 and his career as a logistics journalist started in 2008. Before joining Logistics Manager, he was Editor-in-Chief for road transport titles at DVV Media International.
