Network Rail buying Peugeot plant from Prologis
Prologis is selling Network Rail its Peugeot plant.
Network Rail is in business negotiations with Prologis regarding the acquisition of a Peugeot manufacturing plant at Ryton.
It plans to redevelop the facility into a 300,000 sq ft road haulage distribution facility, creating jobs in the construction industry and providing 100 long-term employment opportunities.
When the acquisition of the site goes ahead, work will begin to develop the facility, with Buckingham contracted to lead the construction process.
The distribution facility is scheduled to open in July 2013 and will be one of the major hubs for Network Rail's National Delivery Service (NDS).
While NDS' headquarters are in Milton Keynes, people all over Britain are employed to support it.
It has been in contract negotiations and established business deals with a number of firms for the purchase of crossing units, sleepers, rail switches and other bulk materials.
"By bringing the logistics for this together at Ryton we can offer a more effective and efficient service for Network Rail," the organisation's NDS director Martin Elwood said.
Posted by Ron Maverick
Source: Network Rail press release, October 5th