Prologis UK has bought a Park Royal trophy asset, expanding its existing portfolio in London. The seller was DTZ.
The terms of the transaction were not disclosed.
The acquisition reinforces the company’s commitment to London and the Southeast, with the latest foreign direct investment taking Prologis’ assets under management in the United Kingdom to $9.6 billion, of $199 billion assets managed globally by the REIT.
Located in the United Kingdom’s most sought after last-touch market, Prologis Park Western Avenue is a prominent mixed-use logistics, industrial and retail park. Benefitting from exceptional transport links, the Park has an extensive frontage and direct access to the A40 dual carriageway, providing quick access to London’s inner orbital road, motorway network and the center of the capital. Five underground stations are accessible within a 15-minute walk.
“This acquisition is a significant milestone for Prologis. It reinforces our stra
