Cedarwood on behalf of Prologis, the global leader in logistics real estate today announced an agreement to lease a 13,575 square feet distribution unit at Prologis Dawley Road, Hayes to Martinspeed, a specialist fine art logistics and storage business.

The facility is the first letting at Prologis Dawley Road, the Prologis’ first small to medium sized logistics park in the UK. The development has been designed to provide urban logistics facilities and provides a total of 121,011 square feet of Grade A distribution space in six units, which have been built speculatively.

“With our other warehouses in Hayes it made a lot of sense to lease an additional building to accommodate the expansion of our business. We view Hayes, as an important strategic location for our international business,” said Simon Sheffield, executive chairman of Martinspeed.

Prologis Dawley Road is in an established industrial area close to Heathrow Airport and the West London market. The development has easy access to Junction 3 and Junction 4 of the M4, Junction 15 of the M25 and Junction 1A of the M40.

Andrew Griffiths, MD of Prologis Uk commented ‘Prologis Dawley Road is attracting a high level of interest and we are pleased that it suits Martinspeed’s requirements so well. We anticipate that the development will meet the needs of both specialist logistics operators and larger organisations seeking last mile distribution facilities.

Cedarwood is the development manager at Prologis Dawley Road.

Gerald Eve and JLL acted for Prologis.