Industrial news – Page 3
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I&L rents continue to rise despite economic challenges
Colliers’ latest analysis shows prime rents up 8% year on year.
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Council approves MIRA Technology Park expansion in Midlands
Midlands scheme will comprise 2.3m sq ft of manufacturing and industrial facilities.
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UKCM completes London office sale, but posts NAV year-end dip
UK Commercial Property REIT (UKCM) has completed the sale of its Craven House office development in London’s West End for £22m.
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Warehousing industry calls on government to back rooftop solar
Department for Energy Security and Net Zero representative met industry leaders.
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SEGRO announces speculative extension of Slough Trading Estate
Nine units will form 107,000 sq ft of new warehouse space.
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Chancerygate welcomes new CFO from PLP
The urban logistics developer and asset manager has hired finance chief from logistics and industrial business PLP.
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Beaufort Capital and Marchdown complete first industrial JV buy
The deal kickstarts JV’s strategy of acquiring multi-let industrial estates requiring active management and repositioning.
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PLP pre-lets unit at Sheffield’s Bessemer Park
Forgefix, part of the Dormole group, will move into the 137,000 sq ft logistics and industrial facility.
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Dudley shopping centre listed for £2.75m at Acuitus auction
West Midlands shopping centre to go under the hammer at Acuitus’s first 2024 sale.
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Folkes Properties returns to UK market with West Midlands acquisition
Firm purchases two warehouses leased to Sheffield Insulation Group.
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UK debt funding gap among lowest globally, AEW analysis shows
Europe has most challenging property debt market but UK is outperforming, AEW finds.
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Tritax provides positive annual update to investors
Tritax Big Box REIT achieved a 6.9% increase in like-for-like rent reviews during 2023.
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BPF calls for ‘radical reset’ with election manifesto
Growth, homes, town centres and the green economy are the focus of a plan for partnership between industry and government.
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Ares snaps up 1.2m sq ft I&L portfolio
Royal London Asset Management Property sells clutch of assets in South East and Midlands for undisclosed price.
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CREI offloads Milton Keynes warehouse for £8m
Custodian Property Income REIT has sold the 52,000 sq ft warehouse on Bradbourne Drive, Tilbrook Industrial Estate, to an unnamed buyer.
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JR Capital and Chancerygate fund buys trio of industrial assets
JR Capital and Chancerygate’s multi-let urban logistics investment fund has acquired a portfolio of three South East industrial assets for £14m from GMS Estates.
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Warehouse REIT boasts of ‘strong quarter’
Warehouse REIT has told investors that it enjoyed “a strong quarter of leasing activity” during the three months to 31 December.
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Stoford wins planning for £30m Wolverhampton I&L hub
Wolverhampton City Council has given the plans the green light.
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Massive demand for new I&L floorspace, says Knight Frank
The property adviser warns 112m sq ft is needed over the next five years.
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NAV up 4.7% at Safestore but profits down
Self-storage group posts 4.7% rise in net asset value for year to end of October.