Industrial news – Page 14
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NewsOwens 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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OnlineUKCM 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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OnlineM7 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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OnlineSEGRO 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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OnlineBlackstone 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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NewsHBD 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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OnlineWarehouse 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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OnlineSupermarket 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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OnlineLondonMetric 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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NewsWilton 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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OnlineClarion 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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OnlineLondonMetric 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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NewsFinal 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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NewsGreen 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.
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OnlineHigh shed take-up giving way to sector rebalancing, says LSH
UK industrial and logistics take-up of 60.5m sq ft in 2022 fell short of 2021’s figure, but was still the second highest year on record, according to the latest report from Lambert Smith Hampton (LSH).
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NewsBarratt Developments invests £45m in timber plant to hit sustainability targets
Housebuilder Barratt Developments is to open a £45m timber factory to double the annual number of homes built using timber frames from 3,700 last year to around 8,000.
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NewsEDC and Stoford given greenlight for £300m Bristol logistics scheme
Real estate investment and development firm Epta Development Corporation (EDC) and developer Stoford have received planning permission for a £300m GDV, 2m sq ft logistics scheme in Bristol, Property Week can reveal.
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OnlineLXi agrees £150m of new lending
LXi REIT has agreed a £150m loan and an extension to its existing £60m HSBC facility as part of its refinancing strategy.
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NewsElanders signs for £4.6m Newcastle unit
Global supply chain, printing and packaging specialist Elanders has signed a 10-year lease for a speculatively built £4.6m industrial unit at Tyne Tunnel Trading Estate, near Newcastle upon Tyne.
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OnlineNAV and property values fall at abrdn’s European logistics fund
The value of abrdn European Logistics Income REIT’s portfolio fell 6% in the three months to the end of December as a result of outward yield movements.
