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US developer Prologis purchases 10-acre Beddington Lane site

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American developer Prologis has bought a 10-acre site in Croydon.

The US firm has struck a deal with Thames Water to purchase the land, on Beddington Lane, for around £3million per acre.

Prologis, according to Property Week, beat a long list of bidders for the site, which can accommodate around 200,000 sq ft of industrial and logistics space.

Savills advised Thames Water on the Croydon land sale.