With a metropolitan area population of 14.5 million, London is one of the world’s great cities. A leading financial, cultural and political center, London accounts for about 22 percent of the UK’s GDP. The UK’s South-East, a densely populated, economically powerful area with a population of over 9 million, benefits from its proximity to London. The two regions are the UK’s largest and second-largest regional economies.
Often referred to as the “engine room” of the UK economy, the South-East derives economic strength from its proximity to London, ties to Europe and a highly educated, high-wage-earning population. Key population centers include the Atlantic port cities of Southampton and Portsmouth, the university town of Oxford and many London commuter suburbs. The London and South-East regions have employment and income levels significantly higher than the UK average. Logistics demand in the regions is driven by the needs of the vast and prosperous consumer market in the South-East and London.
London’s bustling Heathrow airport is Europe’s third-largest cargo airport by volume and the 18th busiest in the world. The Port of Southampton is the UK’s fourth-busiest cargo port. A complex network of shipping lanes, passenger and freight rail, and highways facilitate the flow of people and goods into and across the region. Third-party logistics providers, airlines, and food and beverage companies are among the most active tenant groups for industrial properties and warehouses in London and the South East. The regions’ logistics networks are poised for growth with the development of the London Gateway deep-sea container port on the Thames.
Prologis has available warehouses in London and operates industrial properties throughout prime locations in London / South-East regions.