Another Ex Amazon warehouse let 

By Liza Helps Property Editor Logistics Matters

AMAZON MOVED out of the property last year, after announcing  a slew of distribution centre closures following the pandemic when it had over committed to space.

Food Service Logistics has taken a new 15-year lease on Unit 4, a 161,134 ft2 warehouse at Prologis Park Hemel Hempstead, which is being refurbished.

The renovation will bring the property up to an EPC A rating. In addition the refurbishment will focus on increasing and enhancing the offices, installing new LED and all-electric heating alongside a number of wellbeing features, including pockets of greenery, communal break out areas lined with additional seating, and paving to enhance the existing amenity space.

As part of the lease terms the 3PL has been provided with a Prologis Essentials Allowance, to further upgrade the unit as it wishes – this could include  operational, energy and mobility enhancements.

FSL already operates out of Hemel Hempstead and this new facility will enable the company to grow and expand its offering.

The building was originally occupied by online fashion retailer ASOS, but by 2010 the company was expanding so quickly it needed larger premises. Prologis helped ASOS relocate to its 582,000 ft2 cross-docked distribution centre in Barnsley. Then, Prologis re-let DC4 to Amazon.

This letting at Hemel Hempstead follows the recently announced speculative construction of an additional five new distribution units currently available to pre-let; growing the park by over 280,000 ft2 and demonstrating the strong market demand for distribution facilities in the location.

Rent levels for the recent lettings at Hemel Hempstead, which include Brakes taking Amazon’s other warehouse which totals 450,000 ft2 are thought to be around £17.50 per ft2. Logistics Matters reported the letting to Brakes earlier month https://www.logisticsmatters.co.uk/Brakes-takes-Amazon-shed

Knight Frank advised FSL while CBRE advised Prologis.