Industrial property developer Prologis UK has launched a flexible warehouse leasing service which will be operated by Kinaxia Logistics.
The Flexxtra service will be fulfilled at Prologis Park in Wellingborough West. The new building, known as DC4, has been fitted out to accommodate 70,000 pallets and is expected to be able to support between 10 and 30 customers at one time.
The service provides additional warehouse space to businesses on an as-needed, pallet-by-pallet basis.
Prologis said the flexible warehouse leasing model allows customers to react quickly to market conditions and manage peaks in demand, without the long-term commitment of traditional leasing. The all-in-one turnkey solution also takes the operational responsibilities off the customer.
As part of the service, Prologis UK has appointed Kinaxia Logistics to oversee operations on site. Kinaxia will work alongside Visku and their Pallet Hotel platform to manage inbound receipts, insurance, and outbound fulfilment for customers so that they have a seamless experience.
This partnership builds on Kinaxia’s existing relationship with Prologis UK. Kinaxia has its flagship site at the Prologis-owned Daventry International Rail Freight Terminal (DIRFT).
James Hemstock, Prologis UK capital deployment and leasing director, said: “Flexibility is something that we know businesses of all shapes and sizes are looking for when they lease warehousing space, especially to help with demand spikes throughout the year.
“Flexxtra is something we’ve been working with Visku on for quite some time and we’re certain it’ll bring something new – and much-needed – to the logistics property market. We hope to be the incubator space for UK PLC’s next big success story.”
