Packaging giant signs lease at Coventry’s Prologis Park

Packaging giant IFCO has signed a lease on a 328,305 sq ft unit at Prologis Park in Coventry.

The global provider of reusable packaging solutions for fresh foods will take occupation for a term of 15 years following the completion of an on-going refurbishment.

Originally built in 2002, Prologis UK’s refurbishment of DC10 is being carried out by Glencar, and includes the unit being fitted with new LED lighting, EV parking spaces and a fully electric VRF HVAC system for the offices. The unit also benefits from solar PV capability and potential expansion space.

IFCO will be moving its operations from Nuneaton to DC10 to support existing and new contracts for its grocery supply chain operations.

Jason Pickering, director, capital deployment and leasing at Prologis UK, said: “We welcome IFCO as our newest customer at Prologis Park Coventry. Their joining marks the full leasing of the Park, and agreeing a pre-let demonstrates just how high the demand is for prime logistics space in the Midlands golden triangle.

“The refurbishment on DC10 is testament to our ongoing commitment to delivering the best in the business. Maintaining our high sustainability standards is key, and it is always rewarding to partner with a company that holds equal value and commitment to sustainability. We can’t wait to welcome IFCO in the new year.”

Darren Smail, head of service centre operations UK at IFCO, said: “At IFCO, sustainability and customer satisfaction are key drivers for our decisions. We know the area around the M6 corridor well and moving to Prologis Park Coventry allows us to better serve our customers and operate our network in a more efficient and sustainable manner. Working with Prologis UK on the refurbishment of DC10 has shown just how much the business cares about providing quality buildings, with sustainability embedded from the outset. We’re looking forward to moving in and making use of everything the Park has to offer.”

IFCO were represented by Savills.