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Industrial news – Page 14
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NewsArtis Park in Cheshire sold for £22.8m
Joint venture partners Maple Grove Developments, Yorvale and Kier Property have sold an industrial scheme at Artis Park in Winsford, Cheshire to The Albert Gubay Charitable Foundation for £22.8m.
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NewsCitrus loaned £75m for 650,000 sq ft Durham industrial scheme
Citrus Durham has secured £75m in funding to speculatively develop 650,000 sq ft of industrial space at the Integra 61 mixed-use project in Durham.
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NewsPrologis under investigation for $26bn Duke Realty merger
Prologis is under investigation for a “possible breach of fiduciary duties” in its $26bn (£21.2bn) merger with warehouse developer Duke Realty, according to a note published by US law firm Lifshitz Law, which is carrying out the investigation.
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News‘Stand-off’ between London’s industrial and residential sectors
London’s industrial and residential sectors are in a deadlock over space that threatens to damage them both, according to recent findings from Savills.
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NewsVertical farming company takes 70,000 sq ft at Newmarket Business Park
UK-based vertical farming company OneFarm has taken 70,000 sq ft of space at Newmarket Business Park in Suffolk.
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OnlineSafestore posts positive half-year figures
Storage giant Safestore has posted a 14.6% rise in revenue following a strong recovery after the Covid-19 lockdowns.
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OnlineTritax pre-lets 184,000 sq ft at Symmetry Park
Tritax Symmetry has signed a 15-year pre-let of 184,000 sq ft to Rexel UK at the second phase at Symmetry Park near Aylesbury in Buckinghamshire.
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OnlinePlanning granted for 58,000 sq ft logistics scheme in Essex
Developer Chancerygate has been granted planning permission to build 58,000 sq ft of urban logistics and industrial space in Witham, Essex.
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OnlineIndustrials REIT posts strong annual figures
Industrials REIT has posted a 20.3% rise in net asset value and a doubling of profit for the year to the end of March.
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NewsChancerygate and Northwood team up for Manchester logistics site
Chancerygate and Northwood Investors have formed a joint venture (JV) to build a 131,000 sq ft logistics site at Trafford Park, Manchester.
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NewsCole Waterhouse secures site for 300,000 sq ft logistics scheme in Salford
Cole Waterhouse has purchased land to build a 300,000 sq ft logistics site next to the AJ Bell Stadium in Salford.
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OnlineLXi REIT produces strong set of annual figures ahead of merger
LXi REIT has posted an annual rise in net asset value (NAV) of 13.5% as rental income leapt by 36.7% during the year.
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NewsPanattoni puts in plans for Crawley logistics scheme
Panattoni has submitted plans for a 199,672 sq ft speculative, last-mile logistics development in Crawley to Crawley Borough Council.
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NewsOxenwood snaps up Manchester logistics park for £19m
Oxenwood Real Estate has acquired a multi-let logistics estate near Manchester for £19m.
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OnlineNAV and European logistics portfolio value rises in first quarter at abrdn
Net Asset Value (NAV) at abrdn European Logistics Income rose 1.9% in the first three months of 2022.
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NewsBidX1 sees brisk pre-sale activity at May auction
London residential lots took centre stage in pre-auction sales at BidX1’s 26th May online sale.
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NewsAbrdn’s AIPUT spends £38m on Luton industrial park
Abrdn’s Airport Industrial Property Unit Trust (AIPUT) has acquired Trade City Luton industrial trade park from Kier for £38.4m.
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NewsLondonMetric valuations rocket as urban logistics bet comes good
LondonMetric added £1bn to its portfolio’s value during its financial year ending 31 March 2022, according to its annual results.
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NewsRecords broken at Picton with £147m profit
Picton has broken its highest annual profit record since its 2005 launch.
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NewsEPIC reports boost to portfolio value following switch to retail sheds
Ediston Property Investment Company has reported an 11.2% increase in like-for like property portfolio values after it switched its investment strategy to focus on retail warehouses.
