Industrial news – Page 6
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Minister backs veto for planned giant Buckinghamshire data centre to ‘protect green belt’
Government minister Lee Rowley has upheld the rejection of plans to build England’s largest data centre in Iver, Buckinghamshire, between the M25 and an industrial estate, citing the need to protect the green belt.
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Sirius Real Estate acquires £33.5m portfolio of three north London assets
Sirius Real Estate, through its BizSpace subsidiary, has acquired a £33.5m portfolio of three assets in north London from a closed-ended fund.
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Historic Hampshire naval base set for mixed-use regeneration scheme
Gosport Borough Council has approved the first two phases of the restoration of an historic naval base in Lee-on-the-Solent, Hampshire.
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Brookfield and Copley snap up trio of Heathrow distribution hubs in £54m deal
Global real estate investor, operator and developer Brookfield and industrial real estate operator Copley Point Capital have snapped up three distribution warehouses by Heathrow airport.
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HBD submits application for first phase of £100m I&L scheme
Developer HBD, part of the Henry Boot Group, has submitted a reserved matters application for the first phase of its £100m GDV SPARK scheme – a 44-acre logistics and manufacturing hub near Walsall in the West Midlands.
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Jamdac gets green light for 51,667 sq ft County Antrim shed
Jamdac Developments has secured approval to develop a 51,667 sq ft shed at Creagh Industrial Park near Toome in County Antrim.
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Lok’nStore says future ‘looks rosy’ as revenue rises 12%
Lok’nStore’s self-storage revenue rose 12.1% to £25.3m in the year to the end of July, as demand in the sector remains strong, according to its latest results.
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M7 Regional E-Warehouse REIT plans restructure and pauses dividends after NAV fall
M7 Regional E-Warehouse REIT revealed that it is planning to restructure after pausing dividend payments, following a 13% hit to net asset value (NAV) and its announcement that it is exiting the International Property Securities Exchange (IPSX).
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Q3 commercial investment falls 57% but UK industrial sector shows ‘glimmers of light’
European commercial real estate registered the seventh consecutive quarterly fall in investment in Q3, but the UK industrial sector provided a small bright spot, according to the latest research from MSCI Real Assets.
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HBD submits plans for £35m-GDV west Lancashire shed
Developer HBD, part of Henry Boot Group, has submitted a planning application for 245,000 sq ft of industrial and logistics space in a £35m-GDV scheme in west Lancashire.
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SEGRO reveals strong rental growth over first nine months of 2022
SEGRO has reported strong rental growth for the year to date and a positive outlook on the back of an active asset management programme.
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Investec provides £80m loan for Norton’s Suffolk distribution centre
Investec Real Estate has provided Norton Group with an £80m financing package to fund the development of a distribution centre in Suffolk.
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Sandyford secures £20m Barclays debt facility in drive to double portfolio
UK multi-let industrial property company Sandyford Properties has secured a £20m, five-year revolving credit facility with Barclays to fund acquisitions, as the group looks to more than double its portfolio over the next five years.
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Tritax Big Box REIT agrees £500m RCF
Logistics group Tritax Big Box REIT has agreed a £500m sustainability-linked unsecured revolving credit facility (RCF) with a syndicate of its existing relationship banks and new lenders.
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Chancerygate acquires Manchester site for £15m I&L scheme
Developer Chancerygate has acquired a 2.3-acre site in east Manchester to speculatively build a £15m 59,500 sq ft grade-A urban logistics and industrial scheme.
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Investment activity gains momentum despite weak Q3 volumes
Investment activity in UK commercial property has improved in Q3 – despite a slip to a three-year low, according to Lambert Smith Hampton’s latest UK Investment Transactions (UKIT) report.
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Property portfolio valuation dips at Schroder European REIT
Schroder European REIT (SERE), which invests in real estate in European growth cities, has announced a 1.9% fall in the value of its direct property portfolio, to €214.1m (£185.5m), over Q3.
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£50m investment deal kickstarts Phase II of fertiliser manufacturing plant in Yorkshire
Commercial developer Horncastle Group and crop inputs manufacturer Yara International have agreed an investment deal, representing over £50m, to deliver the UK’s largest fertiliser manufacturing plant in Yorkshire.
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Howdens signs 15-year lease at West Yorkshire business park
FTSE 100-listed fitted kitchens provider Howdens has signed a 15-year lease at Caldene Business Centre in West Yorkshire.
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Warehouse REIT sells two warehouses for 30% above book value
Warehouse REIT has sold two warehouses in Cardiff and on the Isle of Wight for £9.5m, 30% ahead of their combined book value at the end of March, reflecting a 6% average net initial yield.