Chinese e-commerce giant announces first UK site
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A Chinese e-commerce company is to open its first UK hub in Warwickshire.
Prologis, the developer and owner of logistics parks, has agreed a lease with Furnolic Co., the UK subsidiary of Ziel Group, for the latest unit at Prologis Park Ryton.
The 10-year lease for the 148,461 sq ft unit is Furnolic’s first physical site in the UK.
The business, which also trades under the name Songmics, Vasagle and Feandrea, specialises in homeware, furniture and pet furniture and is one of the largest global retailers on Amazon, operating across the US), Germany, Japan, France, Spain, Italy, Canada, and Mexico.
Current occupiers at Prologis Park Ryton include Jaguar Land Rover, DHL and LEVC.
Tom Price, capital leasing and development director, at Prologis UK, said: “This is an important milestone for Furnolic as they secure their first location in the UK, and we are delighted to be welcoming another occupier to this prime logistics site. Furnolic is a valued global Prologis customer, and we are aiming to make the move to the new site a seamless and positive experience for the business.
“The attractiveness of Prologis Park Ryton, and the Midlands in general, as a location for logistics facilities, is clear. Companies of all shapes and sizes are recognising the value that the area holds as a means of expanding or further strengthening their e-commerce and delivery operations.”
Tong Wang, director at Furnolic, said: “We are very happy to be working with Prologis to set up our first logistics site in UK, which will provide better service to our customers in the UK, as well as in Europe. It is of great significance for us to expand our business in the European and global markets.”
JLL, M1 Agency and Avison Young acted for Prologis, and Furnolic was represented by Realogis.