Hermes signed a lease agreement for the 80,000 square foot distribution centre at the end of December 2017 and a group of representatives from Hermes and Prologis recently attended a groundbreaking ceremony on site. Construction is expected to complete in October 2018.
Prologis Park Hemel Hempstead, which is at Maylands Gateway, sits within the town’s new Enviro-tech Enterprise Zone. When complete, the park will provide up to 585,000 square feet of industrial and distribution space, together with a £2.5 million investment in local highway infrastructure. Prologis will also create a network of safe pedestrian and cycle routes around the site and along Buncefield Lane, as well as a new ‘pocket park’, which the company will maintain for people who live and work locally.
“Our move to Prologis Park Hemel Hempstead will ensure we can continue to provide retailers with world class services and solutions as we aim to become the consumer’s carrier of choice,” said Edmond Leahy, Estates Manager for Hermes. “The operation will bring new jobs to the area and we look forward to becoming part of the local business community.”
“We are delighted to welcome Hermes to Prologis Park Hemel Hempstead,” said Paul Weston, head of London & South East Markets for Prologis UK. “We’ve been investing in Hemel Hempstead for almost 20 years and having such a high-profile company as our first customer at Prologis Park Hemel Hempstead further underwrites the importance of this area as a key business location.”
Prologis owns and manages approximately 25 million square feet of logistics and industrial space in the UK as of December 31st, 2017.
Prologis, Inc. is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. As of December 31, 2017, the company owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 684 million square feet (64 million square meters) in 19 countries. Prologis leases modern distribution facilities to a diverse base of approximately 5,000 customers across two major categories: business-to-business and retail/online fulfillment.