ProLogis parcels up Swan Valley hub for Royal Mail

ProLogis and Aviva Investors have completed a deal to build Royal Mail a new distribution centre and mail hub at a 200,000 square-foot facility in Northampton.

ProLogis and Aviva Investors have completed a deal to build Royal Mail a new distribution centre and mail hub at a 200,000 square-foot facility in Northampton.

Royal Mail has signed up to occupy the premises at Swan Valley when the building is complete.

The development will be fully funded by Aviva Investors and Royal Mail will own the building on completion. ProLogis is development manager.

Royal Mail is consolidating its operations in Coventry, Northampton and Milton Keynes into the development, which is due to complete this year.

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.”