Prime space acquired in Golden Triangle

Posted on Friday 28 January 2022

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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