Industrial news – Page 10
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News
Industry welcomes logistics planning review following ‘decade of underestimating needed space’
The British Property Federation (BPF) has welcomed a consultation into how planning reform can boost the freight and logistics sector ”after more than a decade of the government underestimating the need for new warehousing space”.
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Aprirose gets green light for 90,000 sq ft Heathrow I&L scheme
Real estate investor Aprirose has secured planning consent from Hillingdon Borough Council to develop a prime industrial and logistics scheme at Heathrow.
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Clarion Partners Europe snaps up trio of Widnes warehouses
Real estate investor Clarion Partners Europe has acquired three distribution warehouses with a combined area of 708,000 sq ft in Widnes, Cheshire, on behalf of an unnamed commingled fund client.
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SEGRO completes £120m land acquisition for new rail freight terminal
SEGRO has completed a £120m acquisition of 1,035 acres of land at the location of the former Radlett Aerodrome in the Upper Colne Valley, Hertfordshire.
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St Modwen Park Meaford set for 1.2m sq ft I&L expansion
Industrial and logistics developer and manager St Modwen Logistics has secured outline planning consent from Stafford Borough Council for a 1.2m sq ft multi-phase development of St Modwen Park Meaford near Stoke-on-Trent.
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Space4 wins approval for 493,000 sq ft timber frame factory near Loughborough
Approval has been granted by Charnwood Borough Council for the creation of a 493,000 sq ft timber frame factory near Loughborough, which developer Space4 claims will to be the biggest of its kind in the UK.
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Glentrool Estates plans 515,990 sq ft expansion of Yorkshire Sherburn2 site
Development and investment company Glentrool Estates Group has submitted plans to expand its Yorkshire Sherburn2 site with an extra 515,990 sq ft of prime logistics and manufacturing space with a gross development value of £67.9m.
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Potter Space secures planning permission for 96,000 sq ft industrial expansion
Industrial and logistics developer Potter Space has received planning consent for industrial units totalling 96,000 sq ft at its Droitwich business park in Worcestershire.
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Construction project starts to return to growth next year following dismal 2023
The UK construction sector is set to return to growth next year after project starts fell massively this year due to higher inflation, taxes, and rising mortgage costs, according to Glenigan’s Construction Industry Forecast 2023-2025.
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Online
Urban Logistics’ net tangible assets fall 14%
Urban Logistics REIT’s net tangible assets (NTA) fell 14% in the year to the end of March, as outward yield movements impacted the property sector.
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HEL Group signing completes lettings at Hemel Hempstead park
Commercial property investment manager Orchard Street Investment Management has fully let its Centro Trading Estate in Hemel Hempstead.
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Coltham and Delancey form logistics JV platform
Developer and asset manager Coltham has joined forces with Jamie Ritblat’s Delancey to launch UK logistics platform Greenlight.
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Network Rail launches masterplan for Bow Goods Yard regeneration
Network Rail has launched a masterplan to regenerate 30 acres of brownfield land at Bow Goods Yard in east London.
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Hines and Clowes complete Nottingham sheds
Property investment group Hines and Clowes Developments have completed three industrial units at Fairham Business Park in Nottingham totalling 268,814 sq ft.
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Schroders REIT outperforms peers despite 18.9% NAV drop
Schroder Real Estate Investment Trust (REIT) has reported above average income return and a sector-beating 14% rise in its dividend, despite an 18.9% drop in net asset value (NAV).
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Chancerygate acquires West Sussex site for 105,000 sq ft I&L scheme
Developer Chancerygate has acquired a 4.59-acre site in West Sussex to speculatively build 105,000 sq ft of grade-A urban logistics and industrial space.
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Developer to deliver £180m green hydrogen facility in Hull
A £180m green hydrogen production plant is set to be delivered at Saltend Chemicals Park in Hull under plans put forward by green hydrogen industrial developer Meld Energy.
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Cushman & Wakefield adds Asbridge to logistics and industrial team
Real estate services firm Cushman & Wakefield has appointed Aric Asbridge to its logistics and industrial team.
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Chancerygate appoints King and Holden to board of directors
Urban logistics and warehouse developer Chancerygate has appointed head of development Alastair King and general counsel Eva Holden to the board of directors.
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Graftongate and Cilldara Group set to build 90,000 sq ft West Midlands industrial scheme
Developers Graftongate and Cilldara Group have secured planning consent for a new 90,000 sq ft sustainable industrial and logistics scheme in the West Midlands.