Industrial property developer Prologis has agreed a pre-let deal for its new site near Birmingham.
Logistics and distribution company LTS Global Solutions has signed a ten-year lease for a 131,780 sq ft unit which is currently under construction at Prologis Park Hams Hall.
The building, called DC3, is near junction nine of the M42 and due for completion in the summer.
Birmingham-based LTS Global Solutions provides a range of services within logistics, transport and shipping worldwide.
Prologis Park Hams Hall is already home to Jaguar Land Rover’s Battery Assembly Centre and also counts BMW, Sainsburys and DHL among its tenants.
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Dave Hands, managing director at LTS Global Solutions, adds: “Moving into the new unit at Hams Hall signifies an exciting time for us.
“It’s been a pleasure working with the Prologis team and we can’t wait to move in and push on with our plans to expand our operations further.”
Tom Price, capital deployment and leasing director at Solihull-headquartered Prologis UK, added: “Welcoming LTS Global Solutions as one of our newest customers is testament to the growing demand for prime logistics real estate space right now and the business will certainly be in good company at Prologis Park Hams Hall.
“Dave and his team have growth in their sights and we’re extremely proud that we’ve been able to provide a high-quality facility in a prime location that will allow the business’ expansion plans to come to life.”
LTS Global Solutions was advised by property consultancy Gerald Eve.
Partner John Sambrooks said: “The successful lease of Ham Hall illustrates the continued demand for well-located, high-spec industrial facilities.
“Its strategic location, combined with LTS Global Solutions’ track record of industrial supply chain solutions, makes this an attractive dynamic for the company’s significant expansion plans.
“We’re delighted to have secured the premises for LTS and look forward to seeing the company grow over the coming years.”