Industrial news – Page 8
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Palace Capital eyes further sales after £34m disposal of industrial portfolio
Palace Capital has sold the majority of its industrial portfolio to Clearbell Capital in a £34m deal and said it has plans for further asset disposals.
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Hines acquires 378,000 sq ft hub in Warrington for £22.5m
Real estate investor, developer and property manager Hines has bought a 378,942 sq ft industrial hub in Warrington, Cheshire, from M&G Real Estate for £22.5m, according to market sources.
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I&L Conference: Inclusion & diversity key for I&L success
Polly Troughton, managing director of St Modwen Logistics, highlighted diversity and inclusion as essential components for industrial businesses’ success at the Property Week Industrial & Logistics (I&L) Conference today.
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I&L conference: social factors will be ‘standalone chapter’ in future developments
Developers have been warned to prepare for the social aspect of environmental, social and environment requirements, as the industrial & logistics (I&L) sector faces a ‘ticking time bomb’ on environmental changes.
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Industrial leads commercial property investment plunge
Investment in UK commercial property has dropped across all sectors during the last six months, with the industrial sector the hardest-hit asset class, according to debt advisory specialist Sirius Property Finance.
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I&L Conference: Drive for density will dictate multi-level progress
Industrial and logistics experts speaking at Property’ Week’s I&L Conference & Showcase have predicted that multi-level developments similar to those common in Asia will soon be seen in the UK, but progress will be driven by lack of supply of traditional space and only when costs are less prohibitive.
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Dyson to invest £100m in Bristol tech centre
British technology and engineering company Dyson is believed to be planning to invest around £100m in a research and technology facility in Bristol.
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I&L conference: I&L set to outperform forecasts
The industrial and logistics (I&L) sector is on course to outperform forecasts over the next year as the UK recovers from the economic downturn, experts speaking today at Property Week’s Industrial & Logistics Conference & Showcase said.
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UK capital values return to growth as retail stabilisation continues
UK investment property valuations have shown “a notable return to capital value growth” across the market, according to research from analyst firm Goodbody.
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Lok’nStore secures ‘excellent’ pipeline amid strong interim results
Self-storage group Lok’nStore announced that it has 10 new centres in the pipeline as it reported a 1.5% rise in revenue to £13.58m in its interim results for the six months to 31 January.
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JR Capital and Chancerygate buy Northampton logistics assets
JR Capital and Chancerygate’s urban logistics fund has bought a portfolio of seven fully let urban logistics units on Crow Lane Industrial Park in Northampton.
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Alternative occupier warehouse lettings rise as online retail levels continue decline, says Knight Frank
Post-pandemic declines in online retail continue to impact leasing volumes for UK warehouse units but growing interest from a wider range of occupiers is increasing, according to global property consultancy Knight Frank.
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SEGRO boss Sleath points to signs of stabilising values
SEGRO has told investors that the value of industrial assets is “showing signs of stabilising” following outward yield movements that have dogged property assets over recent months.
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Sirius posts 8% rise in annual rent roll
Sirius Real Estate has told investors that its annual rent roll across its German and UK portfolios increased by 8.1% in the year to the end of March.
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Caterham revs up for 54,000 sq ft at Railpen’s Dartford X
Pension manager Railpen has signed Caterham Cars, the lightweight sports car maker, for 54,000 sq ft of space across three sites at its Dartford X industrial park in Dartford, Kent, on a 12-year lease.
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Panattoni gets green light for £700m car factory redevelopment
Panattoni has won planning consent for the £700m redevelopment of the former Honda factory site in Swindon, which will create 7.2m sq ft of new industrial space in a major boost for the area.
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Industrial and logistics Q1 take-up at lowest since pandemic
Take-up of UK logistics and industrial space has recorded its worst start to the year since the Covid-19 pandemic, according to Cushman & Wakefield (C&W).
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HFD pays £4.5m for 36,000 sq ft industrial unit in Scotland
Commercial property firm HFD Property Group has bought a 36,055 sq ft unit at Hamilton International Park for £4.5m from Wemyss Properties, adding to its portfolio at the central Scotland business park that it has managed since 2008.
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Owens Group completes 60,600 sq ft warehouse deal in South Wales
Family-owned logistics, warehousing and distribution firm Owens Group has signed a five-year lease on 60,589 sq ft of warehouse space at C1 Trade Park in Aberaman, South Wales.
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UKCM secures three new lettings
UK Commercial Property REIT (UKCM) has secured new leases across three separate assets at a combined weighted premium of 40% to previous passing rent.