Industrial news – Page 25
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Strong rental growth set to continue in industrial and logistics sector
Rental growth in the UK industrial and logistics sector is set to continue to outpace both the office and retail sectors over the next five years, according to the latest research from Knight Frank.
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Urban Logistics spends £72m on four deals
Last-mile logistics focussed REIT Urban Logistics has spent £72m on four assets in London, Warwickshire and Yorkshire.
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Trammell Crow Company receives green light for Sheffield shed
Trammell Crow Company (TCC) has received planning permission from Sheffield City Council to develop the former Betafence site at Shepcote Lane in Sheffield into a warehouse scheme.
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Edinburgh Royal Mail warehouse sold by Hines
Real estate giant Hines has sold the Royal Mail sorting warehouse in Edinburgh to ICG Real Estate for an undisclosed price.
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BlackRock to fund two Evo Industrial SE sites
Investment manager to acquire two South East warehouses for total of £50m.
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Genpower leases 100,000 sq ft Newport warehouse
Welsh e-fulfilment business Genpower has taken a 100,000 sq ft warehouse from St Modwen Logistics at St Modwen Park Newport. The new warehouse is rated BREEAM ‘Very Good’ and has an EPC A rating.
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Warehouse REIT agrees forward funding deal on Oxfordshire industrial scheme
Warehouse REIT has agreed a £35m forward funding deal to acquire a 170,000 sq ft multi-let industrial development in Thame, Oxfordshire.
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Schroders fund lets Wolverhampton unit to DPD
Schroders Capital UK Real Estate Fund (SREF) has pre-let a 58,320 sq ft industrial unit at Revolution Park in Wolverhampton to delivery giant DPD.
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Two warehouses hit lettings market
Realterm has instructed Colliers and LSH to bring two logistics facilities totalling more than 500,000 sq ft to market.
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Drink can manufacturer gulps down 625,000 sq ft Peterborough warehouse
Trebor Developments has pre-let a 625,000 sq ft warehouse in Peterborough to aluminium beverage can manufacturer Crown Holdings.
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Langtree gets green light for £180m Warrington logistics scheme
Industrial developer Langtree has received planning permission for a 3.1m sq ft logistics scheme in Warrington, Cheshire, with a GDV of £180m.
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Iceland inks lease for a cool half million sq ft shed
Iceland has pre-leased a 505,000 sq ft warehouse from Miller Developments at Omega Business Park in Warrington, Cheshire.
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Clearbell and Barwood Capital sell Thatcham warehouse to Fiera
Clearbell Property Partners III LP (Clearbell), a fund managed by Clearbell Capital LLP, and development partner Barwood Capital has sold a warehouse in Thatcham, Berkshire, for £10.9m to Fiera Real Estate.
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DP World lets 300,000 sq ft of space at London Gateway
DP World has let 300,000 sq ft of space to two tenants at its London Gateway logistics park in the Port of London.
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GLP may axe multi-storey plans in favour of data centre scheme
GLP is considering nixing its plans to build a multi-storey warehouse in Newham, London in favour of a potential data centre scheme as part of a wider company drive to grow its data centre portfolio.
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Industrial activity broke ‘every conceivable record’ in 2021, says LSH
Activity in the UK industrial and logistics sector in 2021 broke “every conceivable record”, according to Lambert Smith Hampton.
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Goya acquires Swanley site for £60m scheme
Goya Developments has acquired an eight-acre site in Swanley with plans to build a 160,000 sq ft industrial scheme with a GDV of £60m, Property Week understands.
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Westbrook forward purchases £172.5m industrial portfolio
Westbrook Partners has agreed to forward purchase two urban logistics portfolios for £172.5m from Chancerygate and Bridges Fund Management.
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Workspace sells East London industrial scheme
Workspace Group has sold Highway Business Park in Limehouse, East London, and an adjoining property owned by Canada Life Investments for £23.7m.
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South East industrial space could dry up within five months
Industrial and logistics space in London and the South East will run out within five months at the current rate of take-up, according to a report by London First and CBRE.