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Tag: Distribution Centre

AXA IM Alts acquires Spanish last-mile logistics asset

Posted on by Keith McKinley

AXA IM Alts, a global leader in alternative investments with €188bn of assets under management, has completed, on behalf of clients, the acquisition of a sizeable and newly developed last-mile logistics asset in Barcelona, Spain. The investment opportunity was sourced from Acciona, a global leader in providing regenerative solutions for a decarbonized economy, who acted as developer for the project and pre-let the facility to a leading global e-commerce operator on a long-term lease.

The c.58, 000 sq m asset comprises a bespoke last-mile logistics operating centre spread across 13,350 sq m of high-quality warehouse space alongside 44,540 sq m of parking, with capacity to accommodate more than 600 delivery vans. The asset will have a very strong covenant from day one, while its innovative design improves current best-practice distribution systems, supporting long-term value.

Located in central Barcelona, the second most populated city in Spain, the asset will benefit from a strategic logistics location with good transport connections due to its proximity to the main highways and ports. Additionally, the asset borders one of the main residential districts in the city centre, creating a genuine last-mile logistics network and supporting the growing demand for rapid e-commerce delivery time frames.

Due to the scarcity of vacant development land of meaningful size in the area, this acquisition presents a significant opportunity to increase AXA IM Alts’ exposure to high-quality last-mile logistics in Spain. This acquisition adds to the business’ portfolio of 158 European logistics assets located across key distribution hubs in 11 countries, and brings its European logistics assets under management to over €5bn, spread across c.5.5m sq m of high-quality primarily big box or last-mile urban logistics space.

Blackacre completes Ipswich logistics deal

Posted on by Keith McKinley

JMW Solicitors’ Real Estate team has advised Blackacre on a £13m deal with Lay & Wheeler that will see the development of a new 114,000 sq ft unit at Port One Logistics Park in Ipswich, UK.

The wine merchant has agreed a £13.85m senior development loan with Cain International to forward-fund the delivery of Unit 6.

Lay & Wheeler was founded in 1854 and remains one of Britain’s longest-standing fine wine merchants – it is a market-leading name globally and has won a multitude of awards.

Port One is a strategic development located close to Ipswich and Felixstowe Port, benefiting from direct access to Junction 52 of the A14, a major arterial route. Its proximity to Felixstowe makes it the most centrally located customs site within the Freeport East Zone. The Zone includes both Felixstowe and Harwich, making them, combined, the UK’s largest container port.

Simon Maddox, Real Estate Partner at JMW Solicitors, said: “We’re pleased to have been able to support Blackacre on this latest deal at Port One – it will no doubt prove an ideal location for Lay & Wheeler’s new warehouse and head office as the business continues to grow.

“There remains a significant shortage of industrial and logistics stock entering the market – with a record-breaking volume of space under offer at the end of Q1 2022, demand will remain high for high-quality, well-located schemes like Port One.”

Development work for Unit 6 is now underway on site and is expected to reach PC by November 2023.

JMW Solicitors is one of the UK’s leading full service law firms, with offices in Manchester, Liverpool and London.

 

UK cold store electricity costs double in year

Posted on by David Priestman

Electricity spend for the UK’s cold storage facilities has more than tripled between 2021 and 2022, says a new report published by the Cold Chain Federation which reveals the UK cold chain industry’s vital statistics for the first time.

The new analysis in The Cold Chain Report 2022 shows that the cold storage sector’s electricity costs have grown from £560.6m in 2021 to an estimated £1.1bn for 2022. The report also shows that volume of UK cold storage capacity has now topped 40m cu m, increasing 10% since 2021.

Cold Chain Federation Policy Director Tom Southall said: “With energy prices rocketing, the cost of refrigerating cold storage facilities has soared too despite the great progress our industry has made over the past decade in improving energy efficiency and investing in renewables. Cold chain businesses continue to focus on the buying and contract options for fuel, electric and other supplies, and on making sure contracts with customers are sharing the increases in the best and most realistic way possible.”

The Cold Chain Report 2022 brings together new research with existing datasets to present the industry’s key facts and figures, including both cold storage and temperature-controlled distribution.

Southall added: “The cold chain is in the midst of a major transition and access to up-to-date, comprehensive data is crucial to understanding exactly what is changing and how, and in turn to assessing the impacts and making informed decisions for the future. Over the past three years our industry has earned new appreciation and built new relationships among politicians and policy makers, and the new Cold Chain Report will also provide data to support our work to influence decisions and ensure the cold chain industry’s voice is heard.

“The Cold Chain Report 2022 is the first ever report bringing together quantitative information on cold storage and temperature-controlled vehicles, and it marks a real milestone in the Cold Chain Federation’s commitment to research, gather and analyse data that serves and informs our industry. It has also enabled us to identify gaps in useful data and we will work with our members to create these datasets for subsequent iterations of the report.”

Key findings of The Cold Chain Report 2022 include:

  • The East Midlands has the highest number of cold chain facilities (175), followed by South East England (152) and then Yorkshire and Humber (146).
  • The average size of UK cold store is now 95,693 cu m.
  • The total volume of cold storage in the UK has now topped 40m cu m.
  • There are 25 sites in the UK with volume greater than 300,000 cu m.
  • Electricity cost in cold storage has more than tripled from £560.6m in 2021 to an estimated £1637.1m in 2022.
  • More than half of cold stores are more than 20 years old.
  • Diesel cost at full duty rates has risen from £122,280,000 in June 2021 to £322,173,878 in June 2022.

CLICK HERE to read the full report.

Trent Gateway logistics units snapped up

Posted on by Keith McKinley

Demand for logistics real estate in the UK’s East Midlands region is showing no signs of slowing, according to the leasing agents of Trent Gateway which is now fully let.

Due to the especially high demand for industrial properties, particularly those that possess green credentials, the property’s landlord Northwood Urban Logistics has seen five units let in five months.

The final deals, brokered by JLL and FHP, have included MMC Materials UK Ltd which manufactures sustainable and compositable packaging and has taken 10,488 sq ft, and Upperton Pharma Solutions (Upperton), a UK-based specialist contract development and manufacturing organisation. Confident in the location, Upperton is investing circa. £15m in the design and bespoke build of its new 50,000 sq ft facility on the estate.

MMC Materials UK and Upperton join a range of other established businesses based on the 18-unit industrial site, including BW Flexible Systems, RSK Group and SRL Traffic Systems Ltd.

Northwood’s success is reflective of the high demand for space in the region. JLL’s own research has revealed that prime headline rents have risen by an average of 25.5% across the Midlands. The multi-let and mid box industrial market Spring 2022 report revealed that, in the East Midlands specifically, there remains eight months’ supply of space available, but is seeing comparatively little new speculative development. Regional demand for small units is particularly strong in the 3,000 to 5,000 sq ft and 10,000 to 20,000 sq ft range, with local and regional occupiers driving the majority of demand.

Trent Gateway’s sought-after green credentials include the likes of electric vehicle charging points; low air permeability design; warehouse skylights making up 15% of roof surface area increasing natural lighting; high performance insulated cladding and roof materials; and secure cycle parking all provided as standard.

Iain Taylor, Director at Northwood Urban Logistics said: ‘’We are very pleased to welcome our latest occupiers to the scheme. Trent Gateway has been proven to accommodate a wide range of occupiers who have been able to adapt the units for a variety of uses.”

Gemma Constantinou, industrial director at JLL East Midlands, said: “Trent Gateway has benefited from having high-quality units in a market that is increasingly calling for more space. Crucially, though, this market also understands that the need to make greener choices, in the push towards Net Zero, is only intensifying.

“The speed in which the entirety of Trent Gateway has been snapped up should be a clear, green light for developers to invest further in the East Midlands. We expect take-up to remain at a consistently high level for the next few years while the battle for availability continues at such a pace.”

Mark Tomlinson, Director at FHP, commented: “We are delighted to have delivered fully occupancy and such a strong tenant line-up at Trent Gateway, which was delivered to service a pent-up demand from occupiers who have been hampered by an undersupply of industrial property in the region. The East Midlands still has one of the lowest vacancy rates in the country, so we were not surprised to have brought forward such strong demand for the scheme.”

Located within Beeston Business Park and just one mile outside of the town centre, Trent Gateway is a 40-acre hub providing a mix of industrial and office space, all overlooking the Attenborough Nature Reserve.

 

Thorworld installs largest single modular dock unit

Posted on by David Priestman

Working with trusted sales agent, Darmax, Thorworld has installed its largest single bespoke modular dock to date, to support the efficient, environmentally friendly and safe loading and unloading activities of a major supermarket chain.

As the success of a leading supermarket created further store openings, it required a sustainable solution to deal with packaging returns from stores. The customer’s key aims were to minimise waste and lower carbon miles, so they looked for a solution within their existing warehouse site.

Having researched the market Darmax UK Ltd, the dealer for Thorworld Industries, was identified as the chosen provider. The large, bespoke modular dock system was designed and manufactured by Thorworld and installed in Kent earlier this year.

Incorporating seven Loading Dock positions with barriers and seven collection points at the rear the platform which measured 31m wide by 13m deep from front to back, providing space for compactors and sorting of packaging. The modular dock systems comprised 44 modules and a deluxe, type 7-yard ramp with access steps. A safety barrier was also installed on every dock opening along the back edge, so a forklift truck could operate at ground level, allowing existing docks within the main warehouse to provide deliveries to new stores in the area.

For additional improved safety and visibility, traffic lights were installed on every loading dock linked to the barrier. Dock lights were included, angled to shine into the back of lorries so operators were able to see what they were doing in the dark. Floodlights were also installed on posts so that operations could take place 24/7.

Ian Langan, Technical and Engineering Director at Thorworld Industries, said: “This bespoke, modular dock is the largest platform we have ever delivered in a single unit. Following extensive consultation and bespoke manufacturing, the unit took only two weeks to install, without the need for expensive and time-consuming civil works.

“It has enabled the customer to maximise existing loading facilities to optimise functionality and flexibility, delivering exceptional value for money. The semi-permanent nature of the system allows for greater flexibility, because it can be easily relocated if required. The modular dock allows safe access into various types of vehicles, including those where a standard yardramp cannot be used.

“Compared to the equivalent costs of required civil engineering work, modular dock systems offer customers significant value for money.”

When compared to a traditional dugout loading dock, Thorworld has found that modular docks offer customers simple solutions negating planning issues, drainage concerns and the huge costs of returning premises back to their original configuration at the end of a lease.

Thorworld Industries’ bespoke design service allowed the scheme to be specified exactly as required. Detailed CAD drawings and rendered images were included as standard during the process, prior to production starting.

James Corfield, Director at Darmax, commented: “To be trusted to assist this client again shows how much the quality of the Thorworld products stands out in the industry. It proves that if you provide quality solutions at a fair and reasonable price that customers will choose a quality solution that they can justify from an economic point of view.

“This was another great collaboration with Thorworld Industries to deliver an efficient, high-quality loading and unloading system for a nationwide retailer. Darmax has received some excellent feedback to date and we are already working on our next project together.”

 

Prologis strengthens London team

Posted on by Keith McKinley

Prologis UK, one of the UK’s leading developers of logistics property, has added two new hires to its Capital Deployment and Leasing team, as it looks to further grow its UK team and drive ambitious growth plans.

Jason Pickering (left) has joined as a director in the Capital Deployment and Leasing team, following six years at Cushman & Wakefield. With extensive experience in industrial and logistics capital markets, and a specific focus on South East and national developments, he will be helping Prologis to continue expansion plans in London and development of urban logistics offering.

Ryan Gordon (right) also joins the company as a Capital Deployment and Leasing director, after working for Stripe Street for eight years. There, his role as an agent for Aldi Stores UK aided in the supermarket’s expansion, with a particular focus on site acquisitions in London and the South East. Alongside his experience as an agent, Gordon is a chartered surveyor, and has an in-depth knowledge of the land acquisition and property development process from start to finish.

In their new roles, both Pickering and Gordon will focus on land and investment acquisitions in Prologis’ strategic priority regions within London and the South East, using their complementary skills and 14 years of combined experience to support the firm’s ambitious growth plans.

Paul Weston, Regional Head of Prologis UK, said: “It’s great to have Jason and Ryan join our business, both highly qualified to drive forward our significant growth ambitions for London and the wider South East of the UK. In 2022 we have announced six new hires who will focus on the region and will soon be moving into new London offices to provide the team with an exciting new collaborative hub.

“I’m looking forward to working with Jason and Ryan and supporting their career aspirations here at Prologis.”

Both Pickering and Gordon will be based in Prologis’ London office.

Prologis starts spec life science development in Cambridge

Posted on by David Priestman

Work has started on the first wholly speculative development of new multi-let laboratory and office space at Cambridge Biomedical Campus, which is specifically targeting a range of growing biotech and life science businesses.

Situated on the southern edge of the campus, the new 103,000 sq ft five-storey building at 1000 Discovery Drive will form part of the very definition of an expanding ecosystem of clinical, academic, and commercial excellence.

Since announcing plans to develop the building in October last year, Prologis UK has received numerous expressions of interest in the new development from biotech and life science businesses, providing flexibility to meet start-up, spin-out and scale-up options for healthcare research facilities.

Andrew Blevins, Head of Life Sciences at Prologis UK, said: “Opportunities to lease life sciences property of this calibre that allows established and up and coming research-led businesses to, quite literally, brush shoulders with big pharma, leading academics, research scientists and experts in clinical medicine, is unprecedented in this country. We already have a strong pipeline of customer interest and are expecting more to come.”

Designed with flexibility in mind, the new building will provide laboratory and office space in a variety of sizes and specifications, ranging from open plan to laboratory and office space equipped.

The opportunity to be part of an established, vibrant, life science ecosystem is likely to be the main draw for organisations choosing to locate at Cambridge Biomedical Centre. As well as being co-located with the University of Cambridge School of Clinical Medicine, the campus is home to world leading hospitals such as Addenbrookes and Royal Papworth as well as facilities for Cambridgeshire and Peterborough NHS Foundation Trust.

Prospective tenants will be based with the nation’s leading scientific minds in reach, as the campus also includes other leaders in healthcare innovation and discovery such as the MRC Laboratory of Molecular Biology, colloquially known as the “Nobel Prize factory”, Cancer Research UK’s Cambridge Institute and the corporate and research headquarters for AstraZeneca and Abcam.

The new building will deliver important amenities for the wider campus and community, including a café and open-source community centre, where businesses, visitors and scientists can come together to share ideas, collaborate or simply meet. Set within the wider context of the surrounding community, the aim is to create a building that is socially inviting and explorable.

The welcoming design also forms part of the emerging Cambridge Biomedical Campus’ 2050 Vision, which is focused on improving connectivity with the surrounding community in Cambridge and encouraging local people to visit the site and enjoy its green spaces.

Kristin-Anne Rutter, Executive Director of Cambridge University Health Partners adds: “In Cambridge, our mission is simple – to improve lives by bringing together the academic and foundational institutions, the NHS and industry to improve health through breakthrough discoveries that are rapidly tested and scaled to deliver benefit to the world. To facilitate this we need to create the spaces where people can serendipitously meet and purposively come together to collaborate to develop ideas particularly around the prevention and early diagnosis of diseases and how we tackle global health inequality. 1000 Discovery Drive will be an important part of this process on the Cambridge Biomedical Campus. It will offer future tenants not just the best facilities but encourage people to talk, listen and work together in a place which is already home to over 20,000 people dedicated to making a difference.”

Such is the level of interest in the new building that Prologis has already begun the design for multiple follow-on buildings for both speculative and pre-let development.

Andrew Blevins, Head of Life Sciences at Prologis UK, added: “There is intrinsic value in creating a space where the brightest academic, business, and clinical minds converge to build an ecosystem, sharing not only space and infrastructure but new ideas and intellect. The value of this has already been demonstrated by the successful expansion of the campus to date, but there is much more to come.”

To further support the development within the region, Prologis UK has committed £1.65 million to support public arts and community activities at Cambridge Biomedical Campus, one of the largest investments of its kind in the Cambridge area to date. Most recently, the campus hosted an open-air artwork by Luke Jarrom, In Memoriam, constructed out of 120 flags made from NHS bed sheets.

DHL to invest £482m in UK E-commerce operation

Posted on by Keith McKinley

DHL is planning to invest £482m across its UK E-commerce operation, DHL Parcel UK. The investment follows a 40% volume uplift since the start of 2020 amid soaring demand for its E-commerce and B2B services.

The expansion project is designed to deliver the right infrastructure to facilitate growth as well as putting the business at the forefront of sustainable and digital logistics.

Nearly half of the investment will be in a brand new 25,000 sq m hub in SEGRO Park Coventry Gateway, located south of Coventry Airport. The new facility will have the capacity to handle over 500,000 items per day and is expected to create over 600 new jobs including warehouse, driver, administration and management positions.

The new hub will feature secure bonded storage and customs capabilities to support international E-commerce, a 48-door cross-dock facility and state-of-the-art mechanisation, allowing automatic sortation of mixed sized and weight items through high-speed sortation equipment.

The building has been designed to achieve BREEAM ‘Excellent’ status to minimise its environmental impact through design features such as 7,000 sq m of solar panels, LED lighting and landscaping to protect the natural biodiversity of the area. As well as incorporating EV charging points for cars, the site will also be equipped with LGV electric charging points throughout and sustainable fuel capabilities to pre-empt technology developments in larger vehicles over the coming years.

An initial £64m will be invested in upgrading the company’s fleet with a major focus on alternative fuel vehicles. The fleet investment includes six fully electric 18-tonne trucks, 30 Liquified Natural Gas (bio-LNG) trucks, and 18 electric tugs. This roll-out will be followed by further sustainable fleet investment going forward.

The investment in sustainable infrastructure and vehicles supports Deutsche Post DHL Group’s sustainability strategy which is in line with the Paris Agreement through the Science-Based Targets initiative (SBTi). In total, Deutsche Post DHL Group will spend €7bn in sustainable fuel and clean technologies by 2030.

Finally, the business will also invest over £190m to create 10 brand new collection and delivery depots across the UK, and 20 more existing sites will be expanded. The new and expanded depots will create an additional 3,500 jobs across the country. The locations of the new sites have been strategically chosen to reduce the distance required to serve customers, enabling further roll-out of electric vans and improving speed of service.

Peter Fuller, CEO of DHL Parcel UK, says: “This investment is a real demonstration of the excellent work our people and partners have delivered over the past two years to get us to the level of growth where major expansion is required to meet customer demand. E-commerce is going to continue to shape the world around us. This investment, along with the strength of the DHL brand and our leading approach to digitalisation and sustainability, will put us in a strong position to take advantage of market growth.”

Minister for Investment, Lord Grimstone, says: “DHL’s investment into the heart of the Midlands is testament to the success of inward investors in the UK, and is the latest example of our investment strategy and the Government’s levelling-up agenda delivering results.

“With investment comes jobs and a boost to local economies, so I look forward to seeing the Midlands continue to flourish and promoting our commitment for a cleaner and greener future.”

 

Human-centric design integral to logistics buildings

Posted on by Keith McKinley

To mark the publishing of JLL’s report, ‘Logistics buildings of tomorrow: Labour challenges highlight the importance of human-centric design’, Lisa Graham (pictured), Head of EMEA Industrial & Logistics Research & Strategy, JLL, looks at the need to transform warehouse and distribution centres to attract and retain workers amid a labour shortage crisis.

Labour shortages are a growing challenge faced by businesses globally. This is particularly concerning for occupiers of logistics facilities, especially with heightened competition and growing online demand for goods. It is therefore vital that businesses consider how to stand out amongst competitors to attract and retain skilled employees whilst there is a dwindling labour supply.

JLL’s report, ‘Logistics buildings of tomorrow: Labour challenges highlight the importance of human-centric design’, delves into these challenges and pushes the envelope on warehouse and distribution human-centric design.

The research shines a light on the issues with existing logistics buildings, and the simple design considerations that can transform the wellness of workers and bolster the success of business drastically, therefore attracting the desired skilled labour force

The Problem

In the fallout of the Covid-induced lockdowns of 2020, labour shortages continue to be a primary concern and challenge for businesses across industries, who have been left struggling to find skilled labour to employ. As economic activity recovers and demand for goods surges, these shortages are causing bottlenecks across the supply chain. After contracting by 6% in 2020, the EU economy rebounded last year by 5.2% with the latest forecasts from the Oxford Economics showing continued strong growth of 3.8% in 2022.

With intensified competition for workers over the past two years and the take-up of warehouse space across Europe reaching record highs, demand is pushing greater requirements for labour. While the European logistics market revealed strong levels of demand before the pandemic, in 2020 the take-up for floorspace jumped to 16% and the strong dynamic has been confirmed in 2021, in reaching a new record (34 million sq. m., +35% YoY). The scarcity of labour is one of the most challenging issues facing companies and a key factor influencing a company’s choice of warehouse location,

Large e-fulfilment centres, which operate 24 hours a day, are a significant contributor to the strain on worker levels. Labour intensive due to the speed and intensity of operations and range of tasks that need to be performed,  e-fulfilment centres put a strain on already shrinking labour pools, exacerbated further by an accelerated shift to online shopping during the pandemic.

Post-pandemic, accounting for a higher share of total retail sales, e-commerce is expected to continue to grow and expand to a greater number of product sectors. Therefore, it is vital that e-fulfilment centres transform to attract and retain workers to efficiently meet this growing demand.

The importance of worker engagement in human-centric design

Logistics buildings that support worker wellbeing, whilst also being operationally efficient and environmentally sustainable, are more likely to help companies build and retain their workforces. Integrating wellness features and nurturing employee welfare is crucial if businesses want to stand out in an increasingly competitive market.

In recent years, the term ‘human-centric’ design has gained traction across the property industry, as awareness of worker wellbeing has increased. The term refers to buildings that put people at the centre of the design process. Typically, human-centric design has been more widely adopted in the office sector than within logistics, but now leading develops are now also starting to promote the concept.

To foster this culture of wellness, logistics buildings should incorporate natural lighting, improved air ventilation, and ‘soft’ features which help to increase worker productivity. Soft features like green plants, thermal comfort, sound, the use of materials to brighten interior spaces, more break areas both inside and outside the facility, and accessible design can all contribute to a more enjoyable working environment.

Beyond helping companies provide a wellness environment for their workers in a competitive labour market, human-centric design also provides evidence to developers, corporate occupies and investors that social and environmental considerations are a core priority for the business.

The road ahead

Going forward; occupiers, developers, and investors will need to take advice from experts on the design considerations and locations of logistics buildings to facilitate an understanding of human-centric design.

Through the promotion of worker wellbeing, human-centric buildings have great appeal to both workers and investors alike.

CLICK HERE to read the full report.

Prologis logistics building goes beyond “Net Zero“

Posted on by David Priestman

Prologis, a leading developer and owner of logistics parks, has completed the construction of the UK’s first logistics property to go beyond net zero carbon in its construction and operation – delivering a net benefit for the environment over its lifetime.

Located on Prologis Apex Park, near Daventry, Prologis has delivered a brand new 435,000 sq ft unit, which will act as UK Logistics Centre for an American multinational. In a first for the world of industrial logistics property, Prologis has delivered an industrial unit which pushes the boundaries of sustainable construction.

The building includes the installation of bespoke energy saving technology. In addition to the standard sustainability measures provided by Prologis, including rainwater harvesting and electric vehicle charging infrastructure, a 1.4MW rooftop solar system has also been installed, resulting in a building which will return more energy to the grid than it uses. The surplus energy it generates will help to power other homes and businesses.

The new unit at Apex Park is BREEAM rated ‘Outstanding’ – placing it in the top 1% of UK non-domestic buildings. When certified at Post Construction stage by BREEAM, the building scored 88.2%, which was the highest “Industrial 2018 Shell & Core” score so far achieved.

Martin Cooper, vice president, development management at Prologis UK, said: “This is a milestone for Prologis and shows what can be achieved when like-minded businesses work together to realise their vision for a building that delivers a net benefit for the environment. All our new warehouses in the UK have been net zero carbon in construction for the past 14 years, but this building at Apex Park takes carbon reduction to a new level.

“The dialogue around net zero is progressing rapidly and businesses are beginning to look beyond ‘operational carbon’ to find other ways to make their buildings more sustainable. Reducing the embodied carbon of new buildings requires intense collaboration across the supply chain, from engineers and architects to material and product suppliers, plant hire firms and contractors. Moving as a country towards being net zero by 2050, we look forward to seeing many more logistics projects that are net-positive for the environment, and we’re extremely proud to be leading the way.”

Additionally, the new unit is also the first development of its type to achieve an EPC rating of A+, meeting the UK Green Building Council (UKGBC) Framework Definition of Net Zero Carbon for both embodied & operational carbon. It’s predicted that the unit will generate more energy than it uses, avoiding 105 tCO2e per year and feeding unused energy back in the grid.

As part of its ongoing commitment to sustainable construction Prologis ensures that each new logistics property can achieve a net environmental benefit, starting by designing out carbon emissions wherever possible – for example by offering customers rooftop solar power systems. The whole life carbon footprint is then measured, and unavoidable embodied carbon emissions are mitigated by protecting rainforest.

Through Prologis’ partnership with climate change charity, Cool Earth, 310 acres of Papua New Guinea rainforest were protected based on a whole lifetime assessment of the Apex Park building’s carbon impact.

In November 2021, Prologis was awarded the Terra Carta seal, which recognises companies who are building a sustainable future and have made a serious commitment to put nature, people & the planet at the heart of the economy.

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