Industrial news – Page 14
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NewsDP World lets 300,000 sq ft of space at London Gateway
DP World has let 300,000 sq ft of space to two tenants at its London Gateway logistics park in the Port of London.
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GLP may axe multi-storey plans in favour of data centre scheme
GLP is considering nixing its plans to build a multi-storey warehouse in Newham, London in favour of a potential data centre scheme as part of a wider company drive to grow its data centre portfolio.
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Industrial activity broke ‘every conceivable record’ in 2021, says LSH
Activity in the UK industrial and logistics sector in 2021 broke “every conceivable record”, according to Lambert Smith Hampton.
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Goya acquires Swanley site for £60m scheme
Goya Developments has acquired an eight-acre site in Swanley with plans to build a 160,000 sq ft industrial scheme with a GDV of £60m, Property Week understands.
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Westbrook forward purchases £172.5m industrial portfolio
Westbrook Partners has agreed to forward purchase two urban logistics portfolios for £172.5m from Chancerygate and Bridges Fund Management.
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Workspace sells East London industrial scheme
Workspace Group has sold Highway Business Park in Limehouse, East London, and an adjoining property owned by Canada Life Investments for £23.7m.
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South East industrial space could dry up within five months
Industrial and logistics space in London and the South East will run out within five months at the current rate of take-up, according to a report by London First and CBRE.
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Tickets for Property Week’s industrial conference are available now
Tickets are now on sale for the Industrial & Logistics Conference & Showcase – which is back in the room for the first time since before the pandemic.
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B&Q agrees 430,000 sq ft Doncaster Symmetry Park warehouse pre-let
B&Q has signed a 15-year lease with Tritax Big Box REIT for a 430,000 sq ft warehouse and distribution centre at Symmetry Park in Doncaster.
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Shed yields could compress to ‘sub 3%’, Tritax Big Box CEO says
Industrial yields could compress to “sub 3%”, Tritax Big Box’s chief executive Colin Godfrey has predicted.
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Firethorn Trust sells UK logistics portfolio to Cain International for £550m
Firethorn Trust has exchanged contracts to sell its UK logistics assets for £550m to Cain International, the privately held investment firm operating in the United States and Europe.
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Fortwell funds Jaynic’s latest Suffolk shed
Fortwell Capital has provided a £13.8m development loan to Jaynic for the construction of a new logistics unit at Suffolk Park, in Bury St Edmunds, Suffolk.
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Gerald Eve serves up Hackney brewery
Gerald Eve has been appointed by Carlsberg Marston’s to market the London Fields Brewery in Hackney, London.
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Aver to fund 330,000 sq ft Staffordshire spec scheme
Aver has agreed to fund the speculative development of a 330,000 sq ft logistics/warehouse accommodation at Novus Point in Newcastle-under-Lyme, Staffordshire, for Cole Waterhouse, working in partnership with Peveril Securities.
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Raynsway Properties sold to private investor
North Leicestershire developer Raynsway Properties has been sold to private clients of Boundary Real Estate Partners.
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Topland completes 191,000 sq ft West Midlands shed letting
Topland has let its Pinnacle 191 scheme in Smethwick, West Midlands, Property Week can reveal.
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NAV rises at ASLI
Net asset value (NAV) at abrdn European Logistics Income increased by 1.9% during the three months to the end of December.
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M&G spends £165m on industrial assets
M&G Real Estate has purchased nine multi-let industrial assets across a number of UK regional towns from Patrizia for £165m.
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Clearbell reveals £59m acquisition spree
A fund advised by Clearbell Capital today announces the acquisition of three assets for £59m.
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Segro produces annual figures ahead of expectations
Segro has posted a near 40% leap in net asset value (NAV) as the Covid-19 pandemic provided a boost to the industrial and logistics sector.
