New distribution centre is boost for Prologis Park

Kenilworth and Southam MP Jeremy Wright welcomed another new business to the former Peugeot site at Ryton recently, heralding its arrival as yet another indicator of the West Midlands’ strengthening economy.

Mr Wright, who attended the official opening of Hi Logistics first UK distribution centre at Prologis Park, commented: “This site has a proud history of providing employment for local people. It is an ideal location for a distribution park and I am sure that, once again, it will become an engine of growth for Coventry and Warwickshire."

The new building will deliver 80 new jobs as part of the wider development of Prologis Park Ryton, which, when complete, will collectively deliver over 2,000 jobs.

Prologis has been redeveloping the former Peugeot site as a distribution and light industrial centre since 2012.

Mr Wright added: “Distribution, transportation and logistics are key industries in this area and a vital element in the region’s economic revival.  The development of Prologis Park Ryton has undoubtedly contributed to business activity in the West Midlands growing more rapidly than in any other region in the country, including London and the South East.

“Since the election, the deficit has been cut by a third, 1.6 million new jobs have been created in the private sector and 400,000 new businesses have been started and the West Midlands has made a substantial contribution to this.”

Pictured at the opening ceremony at Hi Logistics are (l to r) Chang Uk Choi, President of LG Electronics in Europe, Hi Logistics parent company; Brian Na, President of Hi Logistics; Ian Davis, Executive Director of Rugby Borough Council; local MP Jeremy Wright and Alan Sarjant, Senior Vice President at Prologis UK.