Industrial news – Page 23
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OnlineWidnes 400 comes to market in Cheshire
Mirastar and CDP have launched a search for a tenant for their speculative industrial development Widnes 400, located at Gorsey Point in Widnes, Cheshire.
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Warehouse REIT acquires £20m logistics space
Warehouse REIT has acquired Cambridge South Industrial Estate for £20.1m, in a deal reflecting a 4.15% net initial yield.
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Panattoni acquires East Midlands site
Panattoni has acquired a 31-acre site at Junction 28 of the M1.
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GLP lets 300,000 sq ft warehouse to Whistl
GLP has let a 300,000 sq ft warehouse at Magna Park, Lutterworth, to Whistl.
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AEW UK Core Property Fund trades in sheds for retail
AEW UK Core Property Fund has sold two industrial properties for a total of £9.4m in Batley, West Yorkshire, and Newbridge in Edinburgh.
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Gorillas signs up at SEGRO Park Deptford
SEGRO has signed its first UK letting with grocery delivery service Gorillas, agreeing a five-year lease for a unit at Park Deptford in south east London.
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Ergo and BGO team up to build £100m shed portfolio
Ergo Real Estate and BentallGreenOak (BGO) have joined forces to develop a warehouse portfolio with a gross development value of £100m over the next 12 months.
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Londonmetric goes on warehouse buying spree
LondonMetric Property has paid £18.7m for three urban logistics warehouses in Croydon, Dunstable and Warrington.
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LXi buys Costa drive-thrus and industrial unit for £36m
LXi REIT has struck a forward funding deal to buy a portfolio of Costa Coffee drive-thrus and an industrial asset for £36m.
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Mayfair Capital’s property fund acquires £15.9m logistics hub
Mayfair Capital’s Property Income Trust for Charities has acquired a 104,000 sq ft warehouse at Cabot Park, Rockingham Gate, Avonmouth, for £15.9m, reflecting a net initial yield of 4.12%.
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LG pre-lets 50,000 sq ft at Leighton Buzzard warehouse
LG Electronics has pre-let a 50,000 sq ft logistics hub at Kennedy Wilson and Tungsten Properties’ 8.5-acre scheme at Union Park in Leighton Buzzard, Bedfordshire.
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Axa forward funds Bristol development
Axa IM Alts has agreed a £20.6m forward funding agreement, on behalf of clients, to develop a pre-let, high tech manufacturing facility at Central Approach, Bristol.
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JP Morgan snaps up €540m logistics portfolio from Mountpark
J.P Morgan Global Alternatives has acquired a €540m (£465m) logistics portfolio from Mountpark Logistics EU Sarl, in a deal that is thought to be one of Europe’s largest logistics transactions in the last 12 months.
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Blackstone offers £1.2bn to buy St Modwen
Blackstone has made a £1.2bn offer to buy St Modwen as the US investor looks to increase its exposure to the booming UK industrial and logistics real estate market.
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W P Carey buys Jaguar Land Rover logistics facility
WP Carey has bought Jaguar Land Rover’s 1.1m sq ft logistics facility in Solihull, the West Midlands, for £141m.
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Bridge Industrial and PSP Investments form £1bn UK sheds JV
Industrial developer Bridge Industrial and Canadian pension fund PSP Investments have formed a joint venture to build a £1bn UK industrial portfolio, Property Week can reveal.
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Tritax Big Box sees high demand for logistics space continue
Tritax Big Box REIT has told investors demand remains high for its logistics space following a record year of take-up in 2020.
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HBD’s £114m Walsall shed scheme gets green light
HBD has received planning permission for an industrial scheme in Walsall, the West Midlands, with a gross development value of £114m.
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AEW and Panattoni let 523,000 sq ft Derbyshire shed to e-retailer
AEW and Panattoni have let a 523,000 sq ft warehouse in Castle Donington, Derbyshire, to e-retailer Buy It Direct.
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Stenprop’s occupancy rate nudges up to 93.7%
Stenprop’s occupancy rate has nudged up to 93.7% as of 30 March 2021, having steadily increased since the start of the pandemic.
