Global tyre giant motors into Apex Park

The UK subsidiary of global tyre giant Hankook Tire & Technology has signed up for a 357,221 sq ft unit at Prologis Apex Park in Northamptonshire.

Work on the huge build-to-suit facility in Daventry is set to begin immediately after developer Prologis struck a deal to bring Hankook Tyre UK Ltd to the huge logistics site.

Construction work on the unit – which will be known as DC9 – is expected to complete in early 2024.

Neighbouring occupiers include Toolstation, JD Wetherspoon, Hellmann Logistics, Optima Logistics and Cummins.

James Straw, associate, capital deployment and leasing at Prologis UK, said: “Hankook has been a customer of ours at Apex Park for a number of years and so it’s fantastic to be able to work with the business to provide a new state of the art logistics facility for their future growth and expansion.

“At Prologis we have a strong track record of delivering build to suit projects and are constantly looking at ways to improve our buildings. We are delighted to be delivering a building which will meet Hankook’s high expectations both operationally and from a sustainability perspective. Construction will soon be underway and like Hankook, we can’t wait to see DC9 come out of the ground.”

Prologis Apex Park is situated in the logistics “golden triangle” at the heart of the UK’s motorway and rail network.

Chang Yool Han, managing director of Hankook Tyre UK, said: “Apex Park was the obvious choice for our growth as it meant we were able to provide continuity for our existing staff, and execute our growth in the utmost sustainable and ecofriendly manner plus it serves as an excellent central location for the UK market that we supply.

“We have been working with our advisors Drake & Partners and Excello Law for a significant period to understand our current and future requirements to grow the business and Prologis have also worked closely with us to accommodate what we need. Moving into DC9 is a significant step on our growth journey and we are looking forward to working with Prologis further.”

Prologis was advised by ILP Partners, Cushman & Wakefield and Colliers. Hankook was advised by Drake & Partners.