Industrial news – Page 12
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NewsCushman & Wakefield adds Asbridge to logistics and industrial team
Real estate services firm Cushman & Wakefield has appointed Aric Asbridge to its logistics and industrial team.
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NewsChancerygate appoints King and Holden to board of directors
Urban logistics and warehouse developer Chancerygate has appointed head of development Alastair King and general counsel Eva Holden to the board of directors.
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NewsGraftongate and Cilldara Group set to build 90,000 sq ft West Midlands industrial scheme
Developers Graftongate and Cilldara Group have secured planning consent for a new 90,000 sq ft sustainable industrial and logistics scheme in the West Midlands.
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NewsGLP set to speculatively build 1.4m sq ft of warehouse space at Magna Park Lutterworth
GLP is set to speculatively develop 1.4m sq ft of warehouse space at Magna Park in Lutterworth.
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NewsTake-up of big-box I&L space plummets as occupiers hit pause
Take-up of grade-A big-box industrial and logistics (I&L) space has plummeted over the past four quarters, according to analysis by BNP Paribas Real Estate.
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OnlineNet tangible assets slump 15.1% at LXi following Secure Income REIT merger
The value of net tangible assets (NTA) at LXi REIT slumped 15.1% in the year to the end of March to 121.1p per share, compared to 142.6p a year earlier.
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OnlineWarehouse REIT swings to £182.8m loss as portfolio value slumps
The value of Warehouse REIT’s portfolio slumped 18.5% in the year to the end of March as the group was hit by industry-wide outward yield movements.
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OnlineOnly industrial and West End offices to see “robust rental growth” in next five years, says IPF
Industrial assets and London’s West End office market will be the only two property sectors to outperform the all- property average during the next five years, according to an International Property Forum (IPF) report.
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OnlineAnnual NAV and portfolio values nudge up at Sirius
Sirius Real Estate has posted a small rise in net asset value (NAV) and portfolio value in an indication that outwards yield movement in the property sector has eased.
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NewsIntermediate Capital Group Real Estate launches European logistics platform
The real estate division of Intermediate Capital Group (ICG) has announced the formation of Metropolitan Last Mile (Metropolitan), a pan-European distribution and industrial platform aiming to treble its assets over the next 18 months.
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OnlineSirius agrees early new lending deal
Sirius Real Estate has agreed an early refinancing of the company’s next major debt expiry with German lender Deutsche Pfandbriefbank.
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NewsClearbell fund snaps up six UK sheds for £34m
Clearbell Capital’s Property Partners IV fund has acquired six regional industrial assets from Palace Capital for £34m, in a deal reflecting a 6.2% net initial yield.
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OnlineLondonMetric agrees £200m takeover of CT Property Trust
LondonMetric has agreed a deal to buy rival CT Property Trust (CTPT) for £198.6m.
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NewsAround 4m sq ft of big-box I&L space made available for sublet as large space take-up plummets
Around 4m sq ft of grade-A big-box industrial and logistics space has become available to sublet in the UK, according to analysis by BNP Paribas Real Estate.
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OnlineGodwin submits planning for mixed-use Wisbech scheme
Godwin Developments has submitted an outline planning application for a range of commercial uses for its 9.5-acre site in Wisbech, Cambridgeshire.
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OnlineTritax Eurobox targets €150m sales to reduce LTV
Continental warehouse groupTritax Eurobox is targeting at least €150m (£130.4m) of disposals to reduce its loan-to-value (LTV) ratio, it can be exclusively revealed.
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OnlineSEGRO commits £2bn to net zero warehouse development in West Midlands
Industrial giant SEGRO has committed £2bn to a decade-long net zero warehouse development programme after becoming a strategic partner of the West Midlands Combined Authority (WMCA).
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NewsMoorfield and Peloton JV acquires £26m-worth of sites
A joint venture between Peloton Real Estate and Moorfield Group has acquired a four-asset open storage portfolio, as it eyes further growth.
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OnlineWorkspace sells £82m of non-core assets
Workspace Group has sold five non-core properties in the South East to Tudor Investment Holdings at a sharp discount to their book value.
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OnlineJaguar Land Rover agrees five-year lease renewal in Ellesmere Port
Car manufacturer Jaguar Land Rover has agreed a five-year lease renewal on its logistics warehouse in Ellesmere Port with Clearbell and Barwood.
