Industrial news – Page 21
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NewsJaynic 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.
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Hydrogen energy company takes Doncaster shed
A hydrogen energy company has sublet Unit D, a 30,000 sq ft mid-box warehouse at the Parkside Industrial Estate on Wheatley Hall Road in Doncaster.
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Panattoni lets speculatively developed 514,000 sq ft logistics site to JD Sports
Panattoni has let 514,000 sq ft of logistics space to sports fashion retailer JD Sports at its speculatively developed facility at Derby.
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Orchard Street’s Nimbus Park fully let after trio of shed lettings
Orchard Street Investment Management’s Nimbus Park industrial estate in Dunstable is now fully let following a trio of lettings, Property Week can reveal.
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Chancerygate acquires Oldham site for £16m spec shed scheme
Chancerygate has acquired plot 3000 at Broadway Green in Chadderton, near Oldham, to speculatively develop a warehouse scheme with a gross development value of around £16m.
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SEGRO sells Italian warehouse portfolio
SEGRO has sold a portfolio of six Italian urban warehouses for €127.5m (£108.9m) to AXA IM Alts, on behalf of clients.
