Prologis UK has secured the Prologis Park Western Avenue estate in Park Royal, west London, from DTZ Investors for approximately £125 million. This acquisition includes a substantial mixed-use site offering 288,523 sq ft of logistics, industrial, and retail space.

The estate, situated on a 16.14-acre plot, is currently leased to 21 tenants. It also has two available units of 3,862 sq ft and 8,030 sq ft. The purchase signals Prologis’s continued investment in the UK logistics sector, particularly in London’s thriving Park Royal area. This move is likely to be discussed at upcoming property networking events in London.

Paul Weston, regional head of Prologis UK, stated: “This acquisition reinforces our strategic investment in the UK’s logistics market. Park Royal remains a premier location for logistics within London, and this addition will enhance our portfolio and support the UK’s economic growth.”

Kevin O’Connor, senior director at DTZ Investors, commented: “Selling this asset aligns with our long-term strategy. It highlights the strong demand for prime industrial estates in inner London, which is crucial for servicing the capital.”

Prologis was advised by DTRE, while DTZ Investors worked with ACRE Capital Real Estate. To register your place at the UK’s biggest real estate and property festival, visit https://www.ukreiif.com/ukreiif-2025/.