Client: ProLogis - Midpoint Park, Birmingham
ProLogis is a global provider of distribution warehousing, owning or managing over 2,500 warehouses across the world. Over the last 24 months, Gerald Eve has advised ProLogis on over five site acquisitions and disposals in key distribution locations across the UK totalling over 500 acres (200 ha) of B8 distribution land.
One of the key sites on which we are currently advising ProLogis is Phase II of Midpoint Park in Birmingham. A 65-acre (1.25 million sq ft, 135,000 sq m) site acquired as part of the Severn Trent Property Company. ProLogis is now on site constructing two speculative warehouses totalling 548,000 sq ft (5,000 sq m). During the run up to starting on site, Gerald Eve advised ProLogis on the appropriate size of buildings based on market demand. Full marketing of the scheme has now commenced.
To help read and monitor trends in the logistics market, Richard Ludlow and Sally Bruer work closely together, providing clients with high quality, considered advice.
ProLogis has also retained Sally and her team to undertake a regular comprehensive data collection exercise. This ensures it not only has the up-to-date market information required to compare locations, assess valuations or rental levels, it also keeps its clients - occupiers - aware of the wider property trends that might affect their property decision-making.
|
|