Industrial news – Page 13
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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.
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OnlineEconomic conditions stalls investment activity at Tritax Big Box REIT
Tritax Big Box REIT has told investors that economic and capital market uncertainty contributed to investment transactional activity remaining low during the first three months of the year.
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NewsMelburg delivers multiple leasings at Wakefield business park
Investor and developer Melburg Capital has completed a series of leasing deals at its 350,000 sq ft Sirdar Business Park, Wakefield, which was acquired off-market in the fourth quarter of 2021.
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NewsBloom gains planning consent for 52,000 sq ft Camberwell industrial site
Investor and developer Bloom, in a joint venture (JV) with funding partner Angelo Gordon, has secured planning consent for a 52,410 sq ft ultra-urban warehouse development in Camberwell, south London.
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NewsIFCO Systems takes 153,000 sq ft shed at Wakefield’s Prism Park
Investor BentallGreenOak and developer Equation Properties have agreed to pre-let a 153,323 sq ft shed to grocery supply chain specialist IFCO Systems UK at their Prism Park business park in Wakefield, Yorkshire.
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NewsCaddick Group posts 42% leap in profit
Yorkshire-headquartered Caddick Group has increased its profits by 41.8% and its turnover 28% compared to a year previous, after a record year of development, according to its annual results.
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NewsEvolving industrial and logistics sector finds reason for optimism
Nearly half of the developers and investors polled by law firm Forsters expect industrial and logistics (I&L) asset values and rents to increase in 2023, despite major market and policy pressures.
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NewsFour key takeaways from PW’s I&L Conference & Showcase
Growth prospects and rise of social and diversity factors were among the topics discussed at last week’s event.
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NewsLidl submits plans for new multi-million-pound distribution centre in Leeds
German discount retailer Lidl has submitted a planning application for a multi-million-pound distribution centre in Leeds.
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NewsNetwork Space lets second shed at Altrincham business park
Industrial warehouse developer, investor and manager Network Space has let a 28,700 sq ft unit at its Broadheath Network centre in Altricham, Greater Manchester, to XPand Logistics.
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OnlinePalace 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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NewsHines 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.
