ProLogis, a manager, developer, and owner of distribution facilities, announced today that it has acquired a portfolio of real estate assets in the United Kingdom.

The portfolio includes land positions that will support more than 3.5 million square feet of industrial development in the East and West Midlands—the primary area for distribution and logistics in the UK.

The portfolio was purchased through the acquisition of Severn Trent Property Limited, a subsidiary of UK-based utility Severn Trent plc.

The Severn Trent portfolio includes development sites at three major industrial locations:

• Midpoint Park: an 84-acre property near Birmingham adjacent to an existing industrial project. The parcel can support more than 1.2 million square feet of warehouse development.

• Daventry International Rail Freight Terminal (DIRFT): a 131-acre site in the East Midlands adjacent to an existing business park. The site includes an intermodal rail facility that can support more than 1.9 million square feet of industrial development.

• Coton Park: a 26-acre parcel in the East Midlands adjacent to an existing ProLogis industrial project. The site can support approximately 365,000 square feet of new development.

Most of the new development at the three sites will take place over the next three years, with a total expected investment of over $575 million.

ProLogis, a manager, developer, and owner of distribution facilities, announced today that it has acquired a portfolio of real estate assets in the United Kingdom.

The portfolio includes land positions that will support more than 3.5 million square feet of industrial development in the East and West Midlands—the primary area for distribution and logistics in the UK.

The portfolio was purchased through the acquisition of Severn Trent Property Limited, a subsidiary of UK-based utility Severn Trent plc.

The Severn Trent portfolio includes development sites at three major industrial locations:

• Midpoint Park: an 84-acre property near Birmingham adjacent to an existing industrial project. The parcel can support more than 1.2 million square feet of warehouse development.

• Daventry International Rail Freight Terminal (DIRFT): a 131-acre site in the East Midlands adjacent to an existing business park. The site includes an intermodal rail facility that can support more than 1.9 million square feet of industrial development.

• Coton Park: a 26-acre parcel in the East Midlands adjacent to an existing ProLogis industrial project. The site can support approximately 365,000 square feet of new development.

Most of the new development at the three sites will take place over the next three years, with a total expected investment of over $575 million.