Following a period of growth Furnolic Co. Ltd (Furnolic), has expanded its UK base of operations. The global e-commerce business signed a 10-year lease agreement with Prologis UK, a leading investor, owner and developer of logistics property for a second unit at Prologis Park Ryton, which is now at full occupancy.
The unit, DC4 adds a further 166,748 sq. ft. of prime logistics space to Furnolic’s UK footprint.
Having been recently refurbished to bring the unit in line with Prologis’s progressive sustainability standards, DC4 has achieved an EPC A rating with onsite offices now fully electric and EV charging points built into the car park.
Furnolic, which trades under the names Songmics, Vasagle and Feandrea, is one of the largest retailers on Amazon. It specialises in homeware, furniture and pet furniture, with a global footprint that spreads across the US (Ameziel), Germany (Euziel), Japan (Zieljp), France, Spain, Italy, Canada and Mexico.
Tong Wang, Director at Furnolic Co. Ltd, commented:
“Our continued partnership with Prologis in the UK and across Europe is testament to the company’s ongoing commitment to customer service. Our longstanding relationship has meant that we’ve been able to grow sustainably in our core target regions through the flexibility and professionalism of the Prologis UK customer experience team, which is second to none.”
Prologis Park Ryton is strategically located in the West Midlands, providing easy access to six major motorways within a 14-mile radius. It is expected that the new leasing agreement will generate further jobs for the local area. Other businesses at Prologis Park Ryton include Jaguar Land Rover, DHL and LEVC.
Tom Price, Leasing Director at Prologis UK, adds:
“Working with Tony and the team has been fantastic. We’re always proud to be a part of our customers’ growth. It has been a privilege to be able to facilitate Furnolic’s expansion into another unit at Prologis Park Ryton, a location at the heart of the Golden Triangle of logistics here in the Midlands.”
The e-commerce business will use Prologis Essentials, a turnkey warehouse fitout service, for racking at the new facility - a decision which mirrors its leasing agreement in 2021 that saw Furnolic become one of Prologis UK’s very first Essentials customers.
The announcement follows a similar leasing of 380,000 sq. ft. DC1, Prologis Rugby Central Park to a global appliance manufacturer, with their relocation to the Golden Triangle providing significant benefits, improving efficiencies of operation and bringing environmental benefits.
Avison Young, JLL and ILP Partners acted for Prologis UK and Realogis acted for Furnolic.