Industrial news – Page 33
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Time to ramp up spec space development
An increase in spec schemes could help meet rising demand for shed space from occupiers and investors.
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LondonMetric proposes £175m share placing to complete deals
LondonMetric has proposed a £175m share placing in order to raise funds for acquisitions that are already either committed or under offer.
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RD Studios takes space at SEGRO’s ‘first UK net zero carbon refurb’
Creative production group RD Studios has signed a 10-year lease for a 45,000 sq ft unit at SEGRO’s first UK net zero-carbon warehouse refurbishment at Premier Park, Park Royal in London.
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GLP pays twice the asking price for Park Royal site
Fierce bidding pushes price of London industrial site guided at £23m to £48m.
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Orchard Street lets east London warehouse to TfL
Orchard Street Investment Management has let 37,000 sq ft of warehouse space at its Woodford Green industrial estate in east London to Transport for London (TfL).
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Redevelopment plans filed for former Arcadia distribution centre
Developer and investor Trammell Crow Company has submitted a planning application to Milton Keynes Council to build new logistics assets at the former home of the Arcadia distribution centre.
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Aver sells Southampton shed to buy London office asset
Aver Property, the joint venture between Ergo Real Estate and NFU Mutual, has sold a warehouse let to B&Q in Southampton to fund the purchase of a London office building, Property Week can reveal.
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Chancerygate and Bridges submits planning for spec logistics space in Tolworth
A joint venture between industrial developer Chancerygate and specialist investor Bridges Fund Management has submitted plans to speculatively build 67,975 sq ft of urban logistics space on a 2.78-acre site at Red Lion Road Business Park in Tolworth.
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IM Properties secures forward funding for two logistics assets
Fiera Real Estate UK and Wrenbridge have agreed to forward fund the sale of two urban logistics schemes in Houghton Regis and Dartford to IM Properties for a combined price of £34m.
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Royal Mail takes Manton Wood warehouse space
Clearbell UK Strategic Trust has agreed a lease with Royal Mail on a 71,612 sq ft warehouse on the Manton Wood Business Park in North Nottinghamshire.
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Urban Logistics targets £200m fundraising
Urban Logistics is seeking £200m from a new share placing to help fund its acquisition pipeline.
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LondonMetric buys two warehouses for £135.6m
LondonMetric Property has paid £135.6m for two logistics warehouses in two separate deals.
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Urban industrial fund snaps up two more assets
BCCIM, a joint venture between Barwood Capital and Caisson Investment Management, has made two urban industrial acquisitions through its Industrial Income LP fund (UII).
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Warehouse REIT reports leap in net asset value and revenue
Company will continue to target acquisitions on Oxford-Cambridge arc despite shortage of available assets.
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Firethorn acquires 24-acre industrial site in Barnsley
A new 24-acre industrial site in Barnsley has been acquired by Firethorn Trust as the real estate investor continues to grow its UK logistics portfolio.
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NAV rises at Warehouse REIT
Warehouse REIT has posted a sharp rise in net asset value (NAV) and revenue for the six months to the end of September.
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Sirius enters UK market with £245m BizSpace takeover
German property investor Sirius Real Estate has entered the UK market after agreeing a £245m deal to buy Helix Investments, the holding company of UK operator BizSpace.
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Chancerygate secures planning for Wigston industrial scheme
Chancerygate has secured planning permission to build 127,975 sq ft of light industrial and warehousing space in Wigston, near Leicester.
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Tavis House buys Hertfordshire site to develop 80,000 sq ft warehouse space
Tavis House Properties has acquired the former Xylem Water Solutions Unit in Hoddesdon, Hertfordshire for £9.1m.
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Urban Logistics continues acquisition spree
Urban Logistic has paid £29m for three assets of three assets around the UK.