The logistics real estate developer, Prologis, has acquired two additional sites at Erith and Croydon.  

Totalling over 330,000 sq. ft. on 20.4 acres, the two distribution centres are let to Ocado and Royal Mail and form key parts of their distribution networks, being two of the largest low density last mile logistic facilities inside the M25. 

The assets, on Church Manorway, Erith and Beddington Farm Road, Croydon are located in two London markets that continue to see excellent customer demand whilst servicing significant, growing conurbations. 

Paul Weston, Regional Head, Prologis UK, said:  

“Our purchase of these two prime distribution facilities shows our continued confidence in the UK’s logistic sector and reconfirms our strategic focus in London and the South East. We welcome Ocado as a new customer and look forward to working with them. It’s great to expand our strong relationship with Royal Mail at a location well known to both parties.” 

Matthew Howard, Fund Manager, CTI Real Estate Partners, said: 

"We are delighted with the sale of Mail Centre Croydon, which continues our client strategy of recycling capital into a more diversified pool of higher yielding assets."