Industrial news – Page 23
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OnlineMemorial service to be held for Avison Young’s Peter Keir
A memorial service is to be held for Avison Young’s Peter Keir, who passed away in April last year.
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Plans submitted for £30m Edinburgh logistics scheme
Chancerygate and Bridges Fund Management have teamed up to submit plans for a 146,745 sq ft, grade A logistics scheme at Bankhead Avenue, Sighthill, Edinburgh.
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AEW UK REIT offloads two warehouse assets
AEW UK REIT has sold two industrial assets, units 16 and 16A at Langthwaite Industrial Estate in South Kirkby and Wella Warehouse in Basingstoke, for £16.7m.
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Mileway makes trio of Yorkshire industrial purchases
Mileway has acquired three industrial assets in Yorkshire for £6.4m.
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Pictet and Marchmont snap up Titan industrial portfolio
Pictet Alternative Advisors and Marchmont Investment Management have acquired the Titan Portfolio of 16 industrial and logistics assets for around £132m from mandates managed by AEW UK Investment Management.
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Amount of industrial space due to complete plunges
The amount of UK industrial space forecast to be completed this year has fallen significantly and is expected to fall further as the materials shortage hits both speculative and built-to-suit warehouse development.
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Aberdeen Standard European Logistics Income’s gross assets exceed €500m benchmark
Aberdeen Standard European Logistics Income’s gross assets have exceeded the €500m (£426m) benchmark as its portfolio valuation nudged up by 1.9% for the quarter ended 30 June 2021.
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Firethorn 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.
