Eurofit Group – a number one European tyre-wheel meeting specialist – has chosen Prologis Park Coventry for its first UK operation, leasing the newly refurbished 105,000 sq ft DC105. The transfer marks a significant milestone as Eurofit enters the market. Being primarily based within the Midlands, the corporate will probably be near its automotive companions, with the infrastructure to assist development and serve prospects effectively.
Jan Blaauw, Common Supervisor at Eurofit Group, mentioned:
“Increasing into the UK is a milestone for Eurofit. Coventry’s place on the centre of the UK automotive sector makes it the perfect location for us to determine our operations, near our OEM companions and with the suitable infrastructure to assist our development.”
The ability has been refurbished to Prologis’ excessive sustainability requirements and holds an EPC A+ score. It options energy-efficient LED lighting and sensible metering to optimise vitality use. With a solar-ready roof able to producing vitality financial savings of roughly £45,000 a 12 months and provision for EV charging, the constructing helps Eurofit’s long-term operational and environmental targets.
With Eurofit’s arrival, Prologis Park Coventry is now absolutely leased – underlining the park’s place inside the UK’s prime Golden Triangle logistics hall and its enchantment to each logistics and automotive companies.
Providing wonderful connectivity, with 5 motorways inside 15 miles, the park supplies quick entry to main manufacturing hubs, ports, and inhabitants centres – demonstrating the power of Prologis’ platform in delivering high-quality, strategically situated area.
To fulfill continued demand, Prologis has introduced ahead the ultimate land plot on the park. It could accommodate both one bigger build-to-suit facility of as much as roughly 600,000 sq ft – splendid for a single occupier in search of scale in a major automotive location – or two smaller build-to-suit services with footprints ranging from round 250,000 sq ft.
Tom Worth, Director of Leasing at Prologis UK, mentioned:
“Eurofit’s arrival highlights each the worldwide enchantment of Prologis Park Coventry and the significance of the Midlands as a hub for the automotive business. With the park now absolutely leased, we’re excited to progress the ultimate build-to-suit alternatives – giving prospects the prospect to safe bespoke, future-ready area on this confirmed location.”
The momentum at Prologis Park Coventry displays wider market traits recognized in Prologis Analysis’s Persistent Provide Constraints Place Europe for Worth Progress report. Throughout the UK, availability of contemporary logistics area stands at simply 4% – round half the broader market common of 8% – with occupiers persistently rewarding high quality, paying a mean 9% rental premium for contemporary services.
