Industrial news – Page 26
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Tickets for Property Week’s industrial conference are available now
Tickets are now on sale for the Industrial & Logistics Conference & Showcase – which is back in the room for the first time since before the pandemic.
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B&Q agrees 430,000 sq ft Doncaster Symmetry Park warehouse pre-let
B&Q has signed a 15-year lease with Tritax Big Box REIT for a 430,000 sq ft warehouse and distribution centre at Symmetry Park in Doncaster.
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Shed yields could compress to ‘sub 3%’, Tritax Big Box CEO says
Industrial yields could compress to “sub 3%”, Tritax Big Box’s chief executive Colin Godfrey has predicted.
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Firethorn Trust sells UK logistics portfolio to Cain International for £550m
Firethorn Trust has exchanged contracts to sell its UK logistics assets for £550m to Cain International, the privately held investment firm operating in the United States and Europe.
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Fortwell funds Jaynic’s latest Suffolk shed
Fortwell Capital has provided a £13.8m development loan to Jaynic for the construction of a new logistics unit at Suffolk Park, in Bury St Edmunds, Suffolk.
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Gerald Eve serves up Hackney brewery
Gerald Eve has been appointed by Carlsberg Marston’s to market the London Fields Brewery in Hackney, London.
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Aver to fund 330,000 sq ft Staffordshire spec scheme
Aver has agreed to fund the speculative development of a 330,000 sq ft logistics/warehouse accommodation at Novus Point in Newcastle-under-Lyme, Staffordshire, for Cole Waterhouse, working in partnership with Peveril Securities.
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Raynsway Properties sold to private investor
North Leicestershire developer Raynsway Properties has been sold to private clients of Boundary Real Estate Partners.
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Topland completes 191,000 sq ft West Midlands shed letting
Topland has let its Pinnacle 191 scheme in Smethwick, West Midlands, Property Week can reveal.
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NAV rises at ASLI
Net asset value (NAV) at abrdn European Logistics Income increased by 1.9% during the three months to the end of December.
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M&G spends £165m on industrial assets
M&G Real Estate has purchased nine multi-let industrial assets across a number of UK regional towns from Patrizia for £165m.
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Clearbell reveals £59m acquisition spree
A fund advised by Clearbell Capital today announces the acquisition of three assets for £59m.
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Segro produces annual figures ahead of expectations
Segro has posted a near 40% leap in net asset value (NAV) as the Covid-19 pandemic provided a boost to the industrial and logistics sector.
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Bericote and Tritax secure planning consent for 388,000 sq ft of logistics space
Bericote Properties and Tritax Big Box have secured planning permission for 388,000 sq ft of logistics space at the former Littlebrook Power Station in Dartford, Kent, Property Week can reveal.
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Amazon’s former UK CEO predicts online will account for half of all retail
The former UK chief executive of Amazon has said that online shopping will account for half of all retail.
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Industrial & Logistics sector keeps on booming
We may be midway through the first quarter of a new year, but 2022 already feels similar to 2021.
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Upgrading stock to MEES could reach £30.5bn
Avison Young says the cost of improving industrial assets could increase further if regulations change.
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Cabot Properties snaps up Leeds logistics unit for £17m
International private equity real estate investment firm Cabot Properties has acquired a prime 126,534 sq ft logistics distribution unit in Elland, Yorkshire, let to Buy It Direct, for £17m.
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US-based Trammell: ‘We’re going to park our tanks on your lawn’
US industrial developer Trammell Crow Company (TCC) has warned the UK industrial sector that it intends to “park [its] tanks on your lawn” as part of an aggressive European expansion campaign.
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Flurry of lettings at Phoenix Close Industrial Estate
Industrials REIT has completed a flurry of new lettings at Phoenix Close Industrial Estate in Heywood, Greater Manchester.