Global e-commerce logistics firm Cainiao, part of Alibaba Group, has signed a 10-year lease on the 150,911 sq ft DC4 warehouse at Prologis Apex Park in the East Midlands, to ramp up its UK operations.
Cainiao at Prologis Apex Park DC4
The deal brings the park in Daventry to full occupancy, following the recent leasing of DC3 to DHL.
Cainiao has taken the warehouse following a refurbishment that added LED lighting, solar panels and electric vehicle charging infrastructure, resulting in the unit gaining an EPC ‘A’ rating.
Sun Beibei, vice-president of global supply chain at Cainiao, said: “By signing a 10-year lease at Prologis Apex Park, we are making a clear, long-term commitment to the UK market.
“This significant investment reflects our confidence in continued growth and reinforces the stability and reliability of the logistics services we deliver to customers across the region.
“Prologis Apex Park offers the location, specification and flexibility we need to support our continued growth in the UK. The ability to move quickly through leasing and into a facility that is already optimised for high-volume operations was a key factor in our decision. We look forward to working with Prologis as we expand our network.”
The park is home tenants including CEVA Logistics, XPO Logistics and Cummins and Hankook.
Tom Price, leasing director at Prologis UK, said: “Cainiao’s decision to locate at Prologis Apex Park reflects the strength of the Midlands as a core logistics location, as well as continued investment from Chinese ecommerce businesses into the UK. As an existing global customer, we were able to move quickly on commercial terms, enabling this transaction to complete”
A final opportunity remains at the park for a 91,000 sq ft build-to-suit unit which already has planning consent.
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