Prologis Leases 225,000 sq ft to Jaguar Land Rover at Ryton
The centre, which is part of Jaguar Land Rover’s recently launched special operations division, will be the company’s global hub for the creation of high-end luxury bespoke commissions and high-performance vehicles. Jaguar Land Rover will invest £20 million in specialist equipment and a customer commissioning suite, and plans to make the facility operational by the end of this year.
“We are very excited BIRMINGHAM, (Aug. 14, 2014) – Prologis, the global leader in industrial real estate today announced an agreement to lease 225,000 sq ft at Prologis Park Ryton to Jaguar Land Rover. The building, which Prologis built speculatively, will serve as Jaguar Land Rover’s new special vehicles operations technical centre.
“By the capability and potential that this new facility will give us,” said John Edwards, Jaguar Land Rover’s managing director of special operations. “We will be creating truly iconic vehicles that reinforce the global reputation of both the Jaguar and the Land Rover brands as we expand our product portfolio and fulfill our ambitious plans.”
The new facility, completed this May, is close to Jaguar Land Rover’s headquarters, and is strategically located at the heart of the motorway network, within easy reach of the M6, M69 and M40/M5.
“We are delighted that Jaguar Land Rover has chosen to establish its special vehicles operations technical centre at Ryton,” said Andrew Griffiths, managing director, Prologis U.K. “We are investing in our prime sites to create the best opportunities in the market for our customers, and we are pleased that the speculative building meets Jaguar Land Rover’s requirements.”
Gerald Eve, NRS and JLL acted for Prologis and Montagu Evans represented Jaguar Land Rover.
Prologis owns and manages approximately 20 million sq ft of logistics and distribution space in the U.K. as of June 30, 2014.