Prologis has let the 53,787 sq ft DC8 unit at Prologis Park Hemel Hempstead to on-demand vinyl platform elasticStage on a 15-year lease.
The facility will support the company’s continued expansion, enabling it to scale the manufacturing capacity of its UK site to more than 15 million vinyl records per year.
DC8 is net zero in both construction and operation and has achieved BREEAM Outstanding and EPC A+ ratings. The unit has been fitted with smart LED lighting, 12 EV charging points and a solar PV roof array estimated to generate 107,000 kWh per year.
Simon Perks, director, capital deployment, at Prologis UK, said: “This leasing is a perfect example of the strength held in our South East portfolio and at Hemel Hempstead specifically. As demand for Prologis space continues to grow, we are delighted to have completed this agreement and look forward to welcoming elasticStage to this prime location. As the business looks to scale up global operations, DC8 is the ideal space, offering a strategic location, flexibility, high quality specification and strong sustainability credentials.”
Steve Rhodes, CEO, elasticStage, added: “Our new space at Prologis Park Hemel Hempstead marks a major moment for elasticStage. We’re growing at pace and need somewhere that can both accommodate our expansion plans and meet our advanced manufacturing requirements.
“It’s safe to say that the unit’s quality build and sustainability credentials were instantly attractive to us and played a very large role in our final decision. We are all about providing a bespoke service to our customers and it is great to find a logistics provider that shares this value. We look forward to seeing where this space takes us and what growth is in store for the business.”
Adrian England, portfolio holder for place at Dacorum Borough Council, said: “Prologis Park heralds Hemel Hempstead arrival from the east-side/M1 and is a key asset to our community. As businesses move in, not only is the development creating hundreds of skilled and meaningful jobs, but its recent expansion has enabled more and more innovators to choose Hemel Hempstead as their base for operations. We welcome elasticStage to the borough and look forward to seeing the development of this truly unique business.”
Vail Williams acted for elasticStage and Brasier Freeth for Prologis.
