Industrial news – Page 20
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NewsFirethorn snaps up Leeds site for £80.5m shed scheme
Firethorn Trust has snapped up a Leeds site where it plans to build a shed scheme with a GDV of £80.5m, Property Week can reveal.
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JR Capital and Chancerygate industrial fund snaps up six assets
JR Capital and Chancerygate’s £100m multi-let industrial property investment fund has acquired six new assets for almost £20m.
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Retail warehouse vacancy rates continue to rise
UK retail warehousing vacancy rates rose to 8.4% at the end of Q2 2021, according to the latest research by Trevor Wood Associates (TWA).
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Firethorn lets 354,000 sq ft of Northampton warehouse space
Firethorn Trust has let 354,000 sq ft of warehouse space in Northampton across two units.
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John Lewis leases 1m sq ft DC from Tesco
John Lewis has inked a deal to lease a 1 million sq ft distribution centre from Tesco at Fenny Lock, Milton Keynes.
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Panattoni acquires 10-acre Crawley site from ASI for spec scheme
Panattoni has acquired a 10-acre site in Crawley, West Sussex, from Aberdeen Standard Investments (ASI) with plans to develop a speculative scheme.
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Chancerygate submits plans for two industrial sites
Chancerygate has submitted plans to speculatively develop sites in Aston Clinton, Buckinghamshire, and Brackley, South Northamptonshire, with a combined GDV of £37m.
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Wanis snaps up 100,000 sq ft at Rainham SEGRO Park
Food and drink importer and distributor Wanis International Foods has acquired a new 100,000 sq ft regional distribution centre at SEGRO Park, Rainham.
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Capita 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.
