Industrial news – Page 15
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NewsBericote and Tritax secure planning consent for 388,000 sq ft of logistics space
Bericote Properties and Tritax Big Box have secured planning permission for 388,000 sq ft of logistics space at the former Littlebrook Power Station in Dartford, Kent, Property Week can reveal.
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Amazon’s former UK CEO predicts online will account for half of all retail
The former UK chief executive of Amazon has said that online shopping will account for half of all retail.
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Online
Industrial & Logistics sector keeps on booming
We may be midway through the first quarter of a new year, but 2022 already feels similar to 2021.
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Upgrading stock to MEES could reach £30.5bn
Avison Young says the cost of improving industrial assets could increase further if regulations change.
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Cabot Properties snaps up Leeds logistics unit for £17m
International private equity real estate investment firm Cabot Properties has acquired a prime 126,534 sq ft logistics distribution unit in Elland, Yorkshire, let to Buy It Direct, for £17m.
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US-based Trammell: ‘We’re going to park our tanks on your lawn’
US industrial developer Trammell Crow Company (TCC) has warned the UK industrial sector that it intends to “park [its] tanks on your lawn” as part of an aggressive European expansion campaign.
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Flurry of lettings at Phoenix Close Industrial Estate
Industrials REIT has completed a flurry of new lettings at Phoenix Close Industrial Estate in Heywood, Greater Manchester.
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Arrow acquires £233m Amazon Wakefield hub
Arrow Capital Partners has bought Amazon’s Wakefield distribution centre from Mountpark for £233m.
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Amazon Prime Video signs studio lease in Shepperton
Amazon Prime Video has signed a lease for TV and film studio space at Shepperton Studios.
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Rent collection in UK industrial sector returns to pre-Covid levels
Rent collection in the UK industrial sector has exceeded pre-Covid levels for the first time since the pandemic began, according to research by commercial property management platform Re-Leased.
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Industrial rents surge across South East submarkets
Industrial rents in many of the South East’s geographical submarkets has surged, according to data from SHW shared exclusively with Property Week.
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Online
LondonMetric buys Luton warehouse
LondonMetric has paid Marcol Industrial Investments £15.5m for an urban logistics warehouse in Luton.
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Canmoor hires consultant Haden-Scott
Canmoor has appointed Tim Haden-Scott as a consultant for the firm with immediate effect.
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Lok’nStore first half revenue soars
Self-storage group Lok’nStore has posted a 34.1% rise in revenue during the first six months of its financial year.
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Picton buys another Gloucester multi-let industrial asset
Picton has completed the off-market acquisition of the Mill Place Trading Estate in Gloucester from Robert Hitchins for £10.4m, reflecting a net initial yield of 6.1%.
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Industrial shortage poses a ‘serious crisis’ to the capital
Industrial Land Commission argues that it is vital ‘to protect, intensify and provide new industrial spaces’.
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HelloFresh signs on at SmartParc SEGRO Derby
Meal-kit delivery company HelloFresh has signed on to occupy 118,000 sq ft at SmartParc SEGRO Derby.
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DHL takes 302,000 sq ft at Park Ryton
DHL Supply Chain has signed a lease to take a 302,000 sq ft distribution centre at Park Ryton, near Coventry.
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Online
Alternative Income REIT buys Volvo showroom
Alternative Income REIT has completed an off-market deal to buy a Volvo car showroom on Bath Road in Slough for £5m.
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Kajima completes £45m Warehouse K purchase
Kajima has completed the purchase of Warehouse K, a grade-II listed former tobacco warehouse at the heart of London’s Docklands, for £45m.
