Prologis exceeds £2bn of investment in London ‘last-mile’ logistics

Prologis’ investment into London’s last-mile logistics infrastructure has reached £2.1 billion, as construction begins at its Beddington Lane site in Croydon. The latest scheme from the global logistics real estate leader will provide an extra 93,935 sq ft of sustainable facilities close to central London.

Expected to be completed next year, the extension of Prologis Park Beddington Lane will measure, reduce and mitigate embodied carbon by the UK Green Building Council net-zero carbon framework and be future-proofed for fleet electrification. This is in line with Prologis’ commitment to net zero emissions by 2040.

The milestone at Beddington Lane means that over a quarter of the firm’s UK asset base is concentrated in London’s last-mile facilities. Prologis is actively engaged in schemes critical to the capital’s future economic prosperity and sustainability in locations including Watford, Heathrow, Waltham Cross, Enfield and Park Royal.

Prologis’ most recent investment into London reflects its ongoing strategy to deliver logistics real estate to support the capital’s sustainable and long-term growth. The firm is an integral part of the nation’s supply chain, with 2.5 percent of UK GDP flowing through its properties.

Last-mile logistics, the final step of deliveries to homes and shops, reduces the volume of heavy goods vehicles on city streets, optimises delivery routes and allows for more sustainable fleet mobility solutions such as EVs and delivery bikes.

Paul Weston, Regional Head of Prologis UK, said: “With continued growth in online shopping, there is a huge demand for logistics infrastructure – for every 1,000 new homes there are 1,000 letterboxes for deliveries to reach. Last-mile logistic centres – such as our Croydon scheme – provide the critical infrastructure London needs to grow economically as well as to achieve its net zero and housing targets.

As a member of the London business community, we are dedicated to providing innovative solutions and will continue to push the needle – be it renewable energy, electric vehicle prioritisation or multi-level logistics – to support the city’s economy and environment.”