Industrial news – Page 14
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SEGRO boss Sleath points to signs of stabilising values
SEGRO has told investors that the value of industrial assets is “showing signs of stabilising” following outward yield movements that have dogged property assets over recent months.
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Sirius posts 8% rise in annual rent roll
Sirius Real Estate has told investors that its annual rent roll across its German and UK portfolios increased by 8.1% in the year to the end of March.
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Caterham revs up for 54,000 sq ft at Railpen’s Dartford X
Pension manager Railpen has signed Caterham Cars, the lightweight sports car maker, for 54,000 sq ft of space across three sites at its Dartford X industrial park in Dartford, Kent, on a 12-year lease.
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Panattoni gets green light for £700m car factory redevelopment
Panattoni has won planning consent for the £700m redevelopment of the former Honda factory site in Swindon, which will create 7.2m sq ft of new industrial space in a major boost for the area.
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Industrial and logistics Q1 take-up at lowest since pandemic
Take-up of UK logistics and industrial space has recorded its worst start to the year since the Covid-19 pandemic, according to Cushman & Wakefield (C&W).
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HFD pays £4.5m for 36,000 sq ft industrial unit in Scotland
Commercial property firm HFD Property Group has bought a 36,055 sq ft unit at Hamilton International Park for £4.5m from Wemyss Properties, adding to its portfolio at the central Scotland business park that it has managed since 2008.
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Owens Group completes 60,600 sq ft warehouse deal in South Wales
Family-owned logistics, warehousing and distribution firm Owens Group has signed a five-year lease on 60,589 sq ft of warehouse space at C1 Trade Park in Aberaman, South Wales.
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UKCM secures three new lettings
UK Commercial Property REIT (UKCM) has secured new leases across three separate assets at a combined weighted premium of 40% to previous passing rent.
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M7 Regional E-Warehouse REIT post maiden annual results
M7 Regional E-Warehouse REIT has posted its maiden results following its listing on the International Property Securities Exchange.
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SEGRO signs up Maersk at East Midlands logistic park
Industrial and logistics giant SEGRO has completed a pre-let deal with Maersk for a new warehouse at SEGRO Logistics Park East Midlands Gateway.
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Blackstone agrees terms of £500m takeover of Industrials REIT
Private equity giant Blackstone is close to securing a £500m takeover deal for Industrials REIT after the companies agreed the terms for a possible cash offer.
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HBD and Barnfield JV acquire Preston site for 800,000 sq ft industrial scheme
A joint venture (JV) between developers HBD, part of property group Henry Boot, and Barnfield Group, has acquired a 25-hectare site near Preston, Lancashire, to develop an 800,000 sq ft industrial and logistics scheme, for an undisclosed amount.
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Warehouse REIT sells £54.7m of assets in disposal drive
Warehouse REIT has continued it disposal strategy by selling a further tranche of assets for £54.7m.
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Supermarket Income REIT hits acquisition trail after £430m Sainsbury’s sale
Supermarket Income REIT is targeting up to £250m of acquisitions following the £430.9m sale of its Sainsbury’s portfolio back to the supermarket giant, Property Week can reveal.
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LondonMetric sells five industrial units for £34.8m
LondonMetric Property has exchanged on the sale of five warehouse and industrial assets in two transactions for £34.8m
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Wilton Development acquires Stockton site for major industrial scheme
Wilton Developments is set to deliver a major 600,000 sq ft industrial scheme in Stockton-On-Tees after snapping up the 33-acre Dynamo Park.
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Clarion re-enters UK warehouse market with £52m double acquisition
Fund manager Clarion Partners Europe returned to the UK warehouse market with the acquisition of two distribution warehouses in Peterborough for £52m from Equites Property Fund.
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LondonMetric sells three Midlands industrial estates for £46m
LondonMetric has sold a portfolio of three multi-let industrial estates in the Midlands for £46m.
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Final unit let at Sandown industrial development
The 65,000 sq ft Equus development at Sandown Industrial Park in Esher, Surrey, is now fully let, after Advanced Logistics for Aerospace (ALA) took the final unit.
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Green light for JV’s 117,000 sq ft Battersea SME hub
A joint venture (JV) between developer The Linton Group and asset manager Henika Group has been given the go-ahead to develop a 117,165 sq ft co-working hub in Battersea, south London.