Industrial news – Page 11
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NewsSt 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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NewsSpace4 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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NewsGlentrool 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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NewsPotter 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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NewsConstruction 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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OnlineUrban 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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NewsHEL 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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OnlineColtham 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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NewsNetwork 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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OnlineHines 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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NewsSchroders 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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NewsChancerygate 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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NewsDeveloper 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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NewsCushman & 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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NewsChancerygate 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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NewsGraftongate 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.
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NewsGLP set to speculatively build 1.4m sq ft of warehouse space at Magna Park Lutterworth
GLP is set to speculatively develop 1.4m sq ft of warehouse space at Magna Park in Lutterworth.
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NewsTake-up of big-box I&L space plummets as occupiers hit pause
Take-up of grade-A big-box industrial and logistics (I&L) space has plummeted over the past four quarters, according to analysis by BNP Paribas Real Estate.
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OnlineNet tangible assets slump 15.1% at LXi following Secure Income REIT merger
The value of net tangible assets (NTA) at LXi REIT slumped 15.1% in the year to the end of March to 121.1p per share, compared to 142.6p a year earlier.
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OnlineWarehouse REIT swings to £182.8m loss as portfolio value slumps
The value of Warehouse REIT’s portfolio slumped 18.5% in the year to the end of March as the group was hit by industry-wide outward yield movements.
