Industrial news – Page 14
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News
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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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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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.
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Industrial sector still in strong position despite dip in values
Research suggests the honeymoon period is over, but experts say the sector’s fundamentals remain robust.
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Urban Logistics spends £48m on five last mile assets
Urban Logistics REIT paid out £48m on five acquisitions that include four assets in the Columbia Threadneedle Street Portfolio.
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Safestore posts strong annual figures
Storage giant Safestore has posted strong rises in both revenue and profit for the year to the end of October 2022.
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SEGRO completes its greenest UK development in north London
Development giant SEGRO has completed SEGRO Park Tottenham in north London, its most sustainable scheme in the UK, which has achieved a BREEAM rating of 94%.
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Savills IM appoints Castelein in European urban logistics and industrial push
Savills Investment Management has appointed Evert Castelein as a senior fund manager, as it embarks on a new logistics and industrial strategy in Europe.
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Chancerygate reveals European expansion plan
Urban logistics group Chancerygate has appointed Jason Sharman as European director ahead of an expansion on the Continent.