Industrial news
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Warehouse REIT adds £1.4m to rent roll in fourth quarter
The company secured 22 deals in it fourth quarter at rents an average 28.6% above previous levels.
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Demand for I&L space ‘holds firm despite tough market conditions’, C&W reports
Increase on Q1 2023 figure and the Q1 long-term average was laregly driven by a recovery in demand for mid-box space.
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Over 22,500 London ‘beds-and-sheds’ homes delivered in five years
A total of 29,688 new homes could be delivered across the capital if schemes awaiting planning are approved.
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Stoford and ICG get green light for London urban logistics scheme
MLM Crayford will deliver three new buildings ranging from 34,000 sq ft to 170,000 sq ft.
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Valor completes £25m double acquisition of London last-mile logistics assets
The deals extend Valor’s UK portfolio to 54 assets across 5.2m sq ft.
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Chancerygate seals five deals at Genesis Park in Leicestershire
A 6,000 sq ft unit has been let to Deenova and sold to Sandpiper Formulations Pension Scheme.
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Pemberstone sells Sunderland business park for £1.625m
Avison Young, Newcastle and Blue Marble Asset secured the sale acting on behalf of the owner.
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SEGRO boosts rent roll by £29m in first-quarter trading
The FTSE 100 industrial giant is planning more development and acquistions after raising £907m in equity in February.
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Urban Logistics REIT reports 23% rental growth in final quarter of financial year
The company completed three new lettings and three rent reviews during the quarter.
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Yoo Capital appoints five partners for Camden Film Quarter scheme
The project will create a hub for film, creative industries, and education.
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Blackstone set to acquire Britishvolt’s gigafactory site for £110m
This comes after Australian start-up Recharge was selected as the preferred buyer in January 2024.
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Commercial property investment volumes hit £8bn in Q1
Investment this year is on course to be 12% up on 2023’s total, Savills reports.
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Lok’nStore agrees £378m takeover by Belgian rival Shurgard
The Belgian firm has offered £378m to shareholders of London-listed Lok’nStore.
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NI office market surges in Q1 as deals slow
CBRE predicts greater opportunity thanks to end of Stormont deadlock and decreasing inflationary pressure.
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Arrow Capital Partners buys 88,000 sq ft Dublin industrial asset for €7.5m
The company acuired the twin warehouses for its SIRE joint venture with Cerberus.
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TJ Morris and Beetham snap up huge Liverpool industrial estate
The pair are planning a high-rise development cluster with 1,200 homes.
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Rolls-Royce gets go-ahead to expand Derby site
Rolls-Royce Submarines Raynesway site expansion plan CGI Outline approval has been granted for the development of 14 new shed and office buildings.
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FIREM bags first tenant at Lancashire industrial park
Structural timber components manufacturer prelets 110,000 sq ft custom-built warehouse.
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Prologis gets green light for Coventry park expansion
The logistics firm has been granted planning permission for an additional 159,000 sq ft.
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National Theatre leases Church Commissioners warehouse near London’s South Bank
Site to store props, costumes and scenery was chosen for its proximity to the theatre’s South Bank home.