International work space provider agrees deal for UK distribution centre in Hemel Hempstead
World-leading office space provider IWG has agreed a double lease to make Prologis Park its main UK distribution centre.
The deal will see the international work space provider take the warehouse space, with a total footprint of 74,314 sq. ft.
The new facility off Breakspear Way, Hemel, will serve as a UK distribution centre for the business, providing storage space and distribution services for all of IWG’s office furniture requirements, as well as being the base for its UK-based warehousing and back office support teams.
With IWG signing the double lease, there is now just one unit remaining at the logistics park.
The development of Prologis Park Hemel Hempstead has also included improvements to the area, aimed at benefiting the wider community.
A ‘Pocket Park’ has been created by rejuvenating a neglected area of land and turning it into green community space, complete with footpaths, landscaping and benches, which can be used by the adjoining nursery and local residents.
Working closely with the Boxmoor Trust, a charity responsible for managing and maintaining large areas of land in Hemel Hempstead, Prologis has acquired a further piece of land, which will be restored to maintain and enhance the biodiversity of the area.
“Prologis Park Hemel Hempstead is a shining example of a development that works for both businesses and the local community”, said Paul Hanley, vice president, leasing & development team at Prologis UK.
“The speed at which the units were leased shows that there is real appetite for well-connected, sustainable and community-focused logistics property in the South East. The location will suit IWG perfectly, providing an excellent national distribution hub for the business.”
Stephen Holloway, UK network development director for IWG said, “This is a real milestone for IWG and we’re thrilled to be setting down roots in Hemel Hempstead with this new warehouse facility. Hemel Hempstead is already home to a thriving local economy and as our business continues to expand as we respond to the growing need for flexible working across the UK, Prologis Park is set to be the perfect place for us to run our warehouse operations from.”