Industrial news – Page 10
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NewsHBD completes 85,000 sq ft Luton warehouse for Shoal Group
Developer HBD, part of the Henry Boot Group, has completed a new 85,000 sq ft shed at its 83-acre Butterfield Business Park in Luton.
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NewsSEGRO completes environmental overhaul of Greenford Park shed
Industrial giant SEGRO has completed a six-month-long environmental refurbishment of a west London warehouse.
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NewsP3 Logistic Parks begins expansion into UK with acquisition of two SEGRO sheds
European logistics developer and manager P3 Logistic Parks is expanding into the UK with the acquisition of two logistics assets for an undisclosed fee from SEGRO.
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OnlineNAV at SEGRO dips in first half but profit rises
Net asset value (NAV) at industrial giant SEGRO fell 3% in the six months to the end of June following a 1.4% fall in the value of its portfolio.
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NewsAbrdn markets new Birmingham warehouse
Investment firm abrdn has started marketing Gravelly Point at Gravelly Industrial Park in Birmingham to prospective tenants, following its recent completion at a cost of just under £27m.
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OnlineBritish Land secures planning for London urban logistics scheme
British Land has received resolution to grant planning permission for a 455,000 sq ft multi-level logistics hub at Heritage House in Enfield, north London.
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OnlineGriffen secures major letting at Leicestershire logistics park
Griffen has agreed a 128,048 sq ft letting for a global manufacturer’s parts distribution operation on Unit 1 at its Griffen Park logistics park in Desford, Leicestershire.
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NewsTata confirms plans for Somerset electric car battery gigafactory
Jaguar Land Rover-owner Tata has confirmed long-rumoured plans to invest £4bn on building a 40GWh electric car battery gigafactory in Somerset.
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NewsKite Packaging signs 15-year lease at Delancey’s Proxima Park
Packaging supplier Kite Packaging has signed a 15-year lease at Delancey’s Proxima Park.
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NewsQ2 property investment drops to levels not seen in over a decade
Property investment activity dropped in Q2 with just £7.5bn of property assets changing hands, representing a 10% decrease on Q1’s already subdued out-turn, according to a report by Lambert Smith Hampton (LSH).
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OnlineLXi finance chief quits role
Freddie Brooks has resigned from his role as chief financial officer at LXi REIT to pursue other opportunities.
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OnlineArenson steps back from CEO role at Industrials REIT
Industrials REIT’s founder and chief executive Paul Arenson is to step back from the day-to-day running of the company he founded in 1995.
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NewsDelin Property signs Lloyd Fraser to occupy its 163,000 sq ft Magna Park warehouse
European logistics warehouse specialist Delin Property has signed a long-term lease for third-party logistics provider Lloyd Fraser to occupy its 163,000 sq ft crossdock warehouse in Magna Park, Lutterworth.
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OnlineBoreal IM appoints Preece as UK vice-president
Pan-European real estate investment manager Boreal IM has appointed William Preece as a vice-president in it UK team.
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OnlineMulti-let industrial boom shows signs of cooling, claims Gerald Eve
Rental values in the multi-let industrial sector are showing signs of cooling off, a report from property consultancy Geralld Eve has found.
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NewsOver half of UK warehouse space faces obsolescence by 2030, Knight Frank warns
Over half of UK warehouse space faces obsolescence by 2030 as environmental requirements outstrip older buildings, a report from Knight Frank has warned.
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NewsDFI and Argo Real Estate plan £400m urban logistics platform
Deutsche Finance International (DFI) and Argo Real Estate have revealed plans to develop a £400m UK urban logistics after their joint venture (JV) completed two acquisitions for a combined £177m.
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OnlineBig Yellow posts rise in revenue for first quarter
Storage giant Big Yellow Group has announced a 6.7% rise in revenue during the first quarter of its financial year to the end of June, to £48.1m, up from £45.1m at the same point in 2022.
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NewsLondonMetric sells five assets for £43m
LondonMetric has exchanged on the sale of five assets for £42m, reflecting a net initial yield (NIY) of 4.5%. The combined sales are in line with the 31 March 2023 book value.
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NewsIndustry welcomes logistics planning review following ‘decade of underestimating needed space’
The British Property Federation (BPF) has welcomed a consultation into how planning reform can boost the freight and logistics sector ”after more than a decade of the government underestimating the need for new warehousing space”.
