Industrial news
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OnlineClarion re-enters UK warehouse market with £52m double acquisition
Fund manager Clarion Partners Europe returned to the UK warehouse market with the acquisition of two distribution warehouses in Peterborough for £52m from Equities Property Fund.
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Online
LondonMetric sells three Midlands industrial estates for £46m
LondonMetric has sold a portfolio of three multi-let industrial estates in the Midlands for £46m.
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Final unit let at Sandown industrial development
The 65,000 sq ft Equus development at Sandown Industrial Park in Esher, Surrey, is now fully let, after Advanced Logistics for Aerospace (ALA) took the final unit.
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Green light for JV’s 117,000 sq ft Battersea SME hub
A joint venture (JV) between developer The Linton Group and asset manager Henika Group has been given the go-ahead to develop a 117,165 sq ft co-working hub in Battersea, south London.
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High shed take-up giving way to sector rebalancing, says LSH
UK industrial and logistics take-up of 60.5m sq ft in 2022 fell short of 2021’s figure, but was still the second highest year on record, according to the latest report from Lambert Smith Hampton (LSH).
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Barratt Developments invests £45m in timber plant to hit sustainability targets
Housebuilder Barratt Developments is to open a £45m timber factory to double the annual number of homes built using timber frames from 3,700 last year to around 8,000.
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EDC and Stoford given greenlight for £300m Bristol logistics scheme
Real estate investment and development firm Epta Development Corporation (EDC) and developer Stoford have received planning permission for a £300m GDV, 2m sq ft logistics scheme in Bristol, Property Week can reveal.
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LXi agrees £150m of new lending
LXi REIT has agreed a £150m loan and an extension to its existing £60m HSBC facility as part of its refinancing strategy.
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Elanders signs for £4.6m Newcastle unit
Global supply chain, printing and packaging specialist Elanders has signed a 10-year lease for a speculatively built £4.6m industrial unit at Tyne Tunnel Trading Estate, near Newcastle upon Tyne.
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NAV and property values fall at abrdn’s European logistics fund
The value of abrdn European Logistics Income REIT’s portfolio fell 6% in the three months to the end of December as a result of outward yield movements.
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Kennedy Wilson signs lease agreements covering 37,000 sq ft at Manchester logistics park
International real estate investor Kennedy Wilson has secured around 37,000 sq ft of leases with five tenants at Towers Business Park in Manchester.
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Savills hires JLL directors for industrial & logistics team
Savills has appointed Tom Shaw and Michael Alderton as directors in its industrial and logistics occupier advisory team.
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Mountpark submits planning application for Ferrybridge site
Mountpark Logistics has submitted a detailed planning application to Wakefield Council to regenerate the former coal yard site at Ferrybridge Power Station into an industrial and logistics scheme.
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Industrial land values almost halve in H2 2022, says Colliers
Industrial land values dropped 47.4% in the six months to December due to inflation and increased borrowing costs, according to Colliers.
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Industrial capital values fall at record rate as economic pressure mounts
Industrial sector capital values plummeted 26% between June and December last year, after yields increased by more than 120 basis points, reversing compression to a record low in the middle of the year, data from MSCI’s UK Quarterly Property Index shows.
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Telereal Trillium pays £33.32m for five industrial estates
Telereal Trillium has snapped up five industrial estates covering 386,000 sq ft for a total of £33.32m.
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Q4 data leads to SEGRO and Tritax downgrades
Goodbody moves both industrial firms to ‘hold’ calls after reports of NAV declines
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Online
NAV at UK Commercial Property REIT slumps 21.5%
UK Commercial Property REIT has revealed a sharp fall in net asset value (NAV) during the final three months of 2022.
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Online
Harworth takes valuation hit but housebuilder demand remains robust
Harworth Group has said yield movements and “softening macroeconomic conditions” hit valuations in 2022 in an end-of-year update.
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Midlands industrial take-up down 33% year on year in 2022, says Knight Frank
Industrial take-up fell by a third to 15m sq ft in 2022 from 2021 levels, while investment fell 36% to £2.4bn, according to Knight Frank.
