Industrial news – Page 16
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NewsLondonMetric snaps up Savills IM’s urban industrial assets for £122m
LondonMetric has acquired Savills IM UK Income and Growth Fund in a corporate transaction valued at £122.2m.
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UKCM acquires industrial and office asset Precision Park for £94m
UK Commercial Property REIT (UKCM) has acquired industrial and business site Precision Park in Leamington Spa, Warwick, for £94m.
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EQT Exeter closes €3bn logistics portfolio sales
EQT Exeter has closed a €3bn (£2.6bn), 2.2m sq m logistics portfolio sale to an unnamed buyer on behalf of its private real estate fund EQT Exeter European Value Venture III
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Trammell Crow submits plans for Sheffield logistics facility
Trammell Crow Company (TCC) has submitted a planning application to Sheffield City Council to develop the former Betafence site at Shepcote Lane in Sheffield, which closed to manufacturing in November 2018.
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Blackstone snaps up €520m pan-European logistics portfolio
Macquarie Capital Principal Finance and Singaporean real estate fund Elite Partners Capital have sold their pan-European logistics portfolio Elite Logistics Fund I to Blackstone European Property Income Fund for €520m (£443m).
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CBRE IM acquires Tesco’s Fenny Lock shed
CBRE Investment Management (CBRE IM), on behalf of a fund it sponsors, has acquired a 617,000 sq ft industrial distribution unit let to John Lewis in Fenny Lock, Milton Keynes, from Tesco for a figure understood to be around £140m.
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SEGRO snaps up Croydon multi-let industrial estate for £120m
SEGRO has bought a multi-let industrial estate in Croydon, south London, from LaSalle Investment Management for £120m.
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Paloma Capital and Graftongate secure trio of occupiers at Exeter Trade Park
Paloma Capital and its joint venture partner, Graftongate, have agreed a trio of lettings totalling more than 82,000 sq ft at Exeter Trade Park, situated on Marsh Barton Trading Estate in Devon.
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UK warehouse take-up to reach 66m sq ft in 2021
Take-up of warehouse space in the UK is set to hit 66m sq ft in 2021 for units over 50,000 sq ft, according to preliminary data from Knight Frank.
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Cake Box spreads out with Enfield letting
Bakery company Eggfree Cake Box has signed a 10-year lease to take warehouse space at Mollison Avenue in Enfield, north London.
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Salmon Property joins with Westbrook for £100m UK industrial drive
Salmon Property has formed a joint venture with US real estate investment management business Westbrook Partners to invest £100m in the industrial and logistics sector, Property Week can reveal.
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SevenCapital signs 10-year tenant at Pineham
Developer SevenCapital has agreed to lease an industrial unit at Pineham Business Park in Northampton to global manufacturer HellermannTyton.
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FIREM expands Wrexham presence
FI Real Estate Management (FIREM) has acquired an additional 47 acres of land at Wrexham Industrial Estate.
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Last chance to take the Q4 Property Week Covid-19 sentiment survey
This is the last chance to get your voice heard in Property Week’s latest quarterly survey – with the survey closing TODAY at 1pm.
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Argos sub-lets Stafford distribution centre to The Range
Argos has sub-let its 475,000 sq ft distribution centre at Acton Gate in Stafford to homeware retailer The Range.
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AEW acquires two warehouses for £8m
AEW UK Real Return Fund (AEW) has acquired two wholesale warehouses, in Barnsley and Leicester, for £8m at a blended yield of 7%.
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Prologis completes £100m Heathrow Airport office buy
Prologis has completed its purchase of a 203,000 sq ft of office space at Heathrow Airport for £100m – two months after Property Week revealed it had gone under offer on the building.
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St. Modwen hires Nicki Whittaker from Prologis for senior customer and markets role
St. Modwen Logistics has hired Nicki Whittaker from Prologis to the newly created role of senior director for customer and markets.
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Mayfair Capital’s PITCH spends £35m on South East retail warehouses
Mayfair Capital’s Property Income Trust for Charities (PITCH) has completed £35m of retail warehouse acquisitions, comprising two parks in Bedford and Milton Keynes, increasing the fund’s weighting to the sector to 15%.
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Investment in UK industrial sector looks set to hit £15.7bn this year
Investment in the UK industrial and logistics sector is expected to hit £15.7bn by the end of 2021, 48.1% higher than the £10.6bn recorded in 2020, according to exclusive data from Knight Frank.
