Industrial news – Page 11
-
News
DFI 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.
-
Online
Big 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.
-
News
LondonMetric 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.
-
News
Industry 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”.
-
News
Aprirose gets green light for 90,000 sq ft Heathrow I&L scheme
Real estate investor Aprirose has secured planning consent from Hillingdon Borough Council to develop a prime industrial and logistics scheme at Heathrow.
-
News
Clarion Partners Europe snaps up trio of Widnes warehouses
Real estate investor Clarion Partners Europe has acquired three distribution warehouses with a combined area of 708,000 sq ft in Widnes, Cheshire, on behalf of an unnamed commingled fund client.
-
News
SEGRO completes £120m land acquisition for new rail freight terminal
SEGRO has completed a £120m acquisition of 1,035 acres of land at the location of the former Radlett Aerodrome in the Upper Colne Valley, Hertfordshire.
-
News
St Modwen Park Meaford set for 1.2m sq ft I&L expansion
Industrial and logistics developer and manager St Modwen Logistics has secured outline planning consent from Stafford Borough Council for a 1.2m sq ft multi-phase development of St Modwen Park Meaford near Stoke-on-Trent.
-
News
Space4 wins approval for 493,000 sq ft timber frame factory near Loughborough
Approval has been granted by Charnwood Borough Council for the creation of a 493,000 sq ft timber frame factory near Loughborough, which developer Space4 claims will to be the biggest of its kind in the UK.
-
News
Glentrool Estates plans 515,990 sq ft expansion of Yorkshire Sherburn2 site
Development and investment company Glentrool Estates Group has submitted plans to expand its Yorkshire Sherburn2 site with an extra 515,990 sq ft of prime logistics and manufacturing space with a gross development value of £67.9m.
-
News
Potter Space secures planning permission for 96,000 sq ft industrial expansion
Industrial and logistics developer Potter Space has received planning consent for industrial units totalling 96,000 sq ft at its Droitwich business park in Worcestershire.
-
News
Construction project starts to return to growth next year following dismal 2023
The UK construction sector is set to return to growth next year after project starts fell massively this year due to higher inflation, taxes, and rising mortgage costs, according to Glenigan’s Construction Industry Forecast 2023-2025.
-
Online
Urban Logistics’ net tangible assets fall 14%
Urban Logistics REIT’s net tangible assets (NTA) fell 14% in the year to the end of March, as outward yield movements impacted the property sector.
-
News
HEL Group signing completes lettings at Hemel Hempstead park
Commercial property investment manager Orchard Street Investment Management has fully let its Centro Trading Estate in Hemel Hempstead.
-
Online
Coltham and Delancey form logistics JV platform
Developer and asset manager Coltham has joined forces with Jamie Ritblat’s Delancey to launch UK logistics platform Greenlight.
-
News
Network Rail launches masterplan for Bow Goods Yard regeneration
Network Rail has launched a masterplan to regenerate 30 acres of brownfield land at Bow Goods Yard in east London.
-
Online
Hines and Clowes complete Nottingham sheds
Property investment group Hines and Clowes Developments have completed three industrial units at Fairham Business Park in Nottingham totalling 268,814 sq ft.
-
News
Schroders REIT outperforms peers despite 18.9% NAV drop
Schroder Real Estate Investment Trust (REIT) has reported above average income return and a sector-beating 14% rise in its dividend, despite an 18.9% drop in net asset value (NAV).
-
News
Chancerygate acquires West Sussex site for 105,000 sq ft I&L scheme
Developer Chancerygate has acquired a 4.59-acre site in West Sussex to speculatively build 105,000 sq ft of grade-A urban logistics and industrial space.
-
News
Developer to deliver £180m green hydrogen facility in Hull
A £180m green hydrogen production plant is set to be delivered at Saltend Chemicals Park in Hull under plans put forward by green hydrogen industrial developer Meld Energy.