Industrial news – Page 18
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OnlineCapita to expand warehouse capacity at Frogmore’s Lingfield Point
Capita Record Management has increased its warehouse space by 20% from 336,700 sq ft to almost 400,000 at its North East operations at Lingfield Point, Darlington.
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Post-Covid recovery begins as property values rise
Capital values increased 1% across all UK commercial property in July 2021, according to the latest CBRE Monthly Index.
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Tritax Big Box produces bumper H1 results
Tritax Big Box REIT produced strong H1 results, reporting a 19.1% increase in operating profit at £84.1m for 2021 from £70.6m recorded in H1 2020.
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Regal London submits planning for £270m mixed-use Wembley scheme
Regal London has submitted a planning application for a mixed-use development on Fulton Road in Wembley, north-west London, with a GDV of £270m.
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Morrisons takeover bid hits £6.7bn
The takeover battle for Morrisons is heating up as the Fortress-led consortium increased its bid for the supermarket chain to £6.7bn.
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Jaynic pre-lets shed to Hermes at Suffolk Park
Jaynic has pre-let a warehouse at its 2m sq ft Suffolk Park logistics and business scheme at Bury St Edmunds, Suffolk, to parcel delivery company Hermes.
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Barings and HBD acquire 20.5-acre logistics site in Rainham
Barings has partnered with HBD to acquire a 20.5-acre logistics development site in Rainham, east London with an expected GDV of more than £100m, London.
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Custodian sells portfolio of five industrial assets
Custodian REIT has sold a portfolio of five industrial sites for £23.4m.
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Stenprop reports rising rent and improving collection rates
Industrial property group Stenprop has revealed a rise in rental income and occupancy for the three months to the end of June.
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Logicor lets 280,000 sq ft of space to Super Smart Service
Logicor has secured two new long-term leases, for 280,354 sq ft of Midlands logistics space, with Super Smart Service, an e-commerce fulfillment business.
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Midlands H1 logistics take-up 75% up on same period last year
Logistics take-up in the Midlands was more than 75% higher in the first half of 2021 than in the same period in 2020, according to new data from Knight Frank.
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St Modwen hires former easyJet director as CFO
St Modwen has appointed Rachel Kentleton to the board as chief financial officer with effect from 6 August 2021.
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Tesco Pension Fund backs Stoford’s Pets at Home shed in near £100m deal
Tesco Pension Fund has forward funded Stoford’s development of a Staffordshire Pets at Home warehouse in a deal that Property Week understands is worth close to £100m.
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Morrisons takeover deal fees to hit a reported £312.5m
The £6.3bn takeover of Morrisons by American investment firm Fortress could mean a £312.5m payday for the bankers and advisers working on the deal.
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Shed investment sees Harworth’s EPRA NDV ‘materially ahead’ of forecast
Harworth has said EPRA NDV as of 30 June 2021 will be materially ahead of the current analyst consensus for 31 December 2021 due in part to part to the buoyancy of the sheds sector.
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Savills IM fund snaps up four Dublin logistics units
Park Developments has sold four prime logistics units at Northwest Logistics Park in Dublin, Ireland to a fund managed by Savills Investment Management for around €47.9m (£41m).
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Amazon looks set to ink record number of shed deals in 2021
Savills data reveals the ecommerce giant has signed 18 letting deals so far this year and more are in the pipeline
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Printer Hague Group buys Wakefield warehouse amid expansion
Yorkshire printing company Hague Group has acquired a warehouse in Normanton, near Wakefield in Yorkshire.
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CBRE GI acquires Nimbus Park
CBRE Global Investors has acquired Nimbus Park, a logistics asset near Doncaster, South Yorkshire, from Sladen Estates and AIG.
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Regional REIT offloads shed portfolio for £45m
Regional REIT has sold an industrial property portfolio to ARA Dunedin for £45m, reflecting a net initial yield of 6.75% and 7.5% above its December 2020 valuation.
