Flexible office space giant IWG has signed a double lease for adjoining properties at Prologis Park Hemel Hempstead. The deal will involve the business taking a total of 74,314 sq ft warehouse space.
The facility at Prologis Park Hemel Hempstead will serve as the main UK distribution centre for the business, providing storage space and distribution services for all of IWG’s office furniture requirements, as well as being the base for its UK-based warehousing and back office support teams.
“This is a real milestone for IWG and we’re thrilled to be setting down roots in Hemel Hempstead with this new warehouse facility,” said Stephen Holloway, UK network development director for IWG.
“Hemel Hempstead is already home to a thriving local economy and as our business continues to expand as we respond to the growing need for flexible working across the UK, Prologis Park is set to be the perfect place for us to run our warehouse operations from.”
With IWG signing the double lease, there is now just one unit remaining at Prologis Park Hemel Hempstead which has been designed to address the shortage of supply for industrial units in the local area.
The range of unit sizes available has met the local authority’s requirement for providing space for growing companies.
“Prologis Park Hemel Hempstead is a shining example of a development that works for both businesses and the local community,” said Paul Hanley, vice president for leasing and development team at Prologis UK.
“The speed at which the units were leased shows that there is real appetite for well-connected, sustainable and community-focused logistics property in the South East. The location will suit IWG perfectly, providing an excellent national distribution hub for the business.”
More than 750 jobs have been created as a result of the park’s development which also included improvements to the local area, aimed at benefitting the wider community.