Prologis has snapped up a prime industrial site in the West Midlands for £14m after retailer Gap slashed its need for distribution space.
ProLogis has bought 34 acres (14 ha) at the 101 acre (41 ha) Central Park in Rugby, which is at junction 1 of the M6, from joint venture owners Grosvenor and Wilson Bowden.
The site has planning permission for a shed of 650,000 sq ft (60,385 sq m).
Property Week 12/04/02 page 2
