ProLogis and Aviva Investors have completed a deal to build Royal Mail a new distribution centre and mail hub at a 200,000 sq ft facility in Northampton.
Royal Mail has signed up to occupy 200,000 sq ft at Swan Valley when the building is complete, as tipped by Property Week (17.10.08).
The development will be fully funded by Aviva Investors and Royal Mail will own the building on completion. ProLogis is development manager.
Andrew Griffiths, ProLogis UK managing director, said: ‘Our new fee agreement with Aviva Investors and Royal Mail is a solid demonstration of our ability to provide state-of-the-art distribution warehouses that satisfy the needs of the UK's leading companies.’