Industrial news – Page 24
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NewsIndustrial take-up soars 37% compared with pre-pandemic year
Industrial take-up has soared 37% in the 12 months since April 2020, data from Gerald Eve has revealed.
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Sleath and Ussher set to speak at I&L Conference
SEGRO chief executive David Sleath and Demos chief economic adviser Kitty Ussher have been confirmed as keynote speakers at Property Week’s Industrial Logistics Conference Showcase.
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Values surge across UK for industrial land
Industrial land values have overtaken office and retail values in the past decade to rival residential values.
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Smyth Toys in Corby warehouse play
Smyth Toys has leased a 248,000 sq ft warehouse on Midlands Logistics Park in Corby, Northamptonshire.
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Climate crisis: Head of ASI’s European logistics fund aims for ‘future fit’ portfolio
The head of Aberdeen Standard Investments (ASI) European logistics fund said he wants a “future fit” carbon neutral portfolio following the release of a positive set of results for the fund.
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Green light for 605,000 sq ft phase of PLP scheme
Industrial and logistics developer PLP has secured planning consent for the next phase of speculative development at PLP Bessemer Park, Sheffield.
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Bericote and JP Morgan JV snap up Goliath in £60m debut
A joint venture between Bericote and JP Morgan has made its debut by acquiring a 666,000 sq ft warehouse in Coventry for £60m, Property Week can reveal.
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Biggest first quarter on record for shed investment
The first quarter of 2021 was the biggest Q1 on record for industrial investment, Colliers data has revealed.
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Harrison and Trinity launches JV to up-scale UK life sciences
Investment management firm Harrison Street has partnered with life sciences real estate operator and developer Trinity Investment Management to strengthen their presence in the sector.
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Fairfield lends £17m on Padlock’s self-storage assets
Fairfield Real Estate Finance has backed Canadian investor Padlock Partners UK Fund I with a £17m loan on a UK based self-storage portfolio.
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ASI snaps up Amazon warehouse for £100m
Aberdeen Standard Investments (ASI) has bought a logistics hub in Hinckley for £100m.
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Stoford plans two Exeter Logistics Park developments
Stoford has submitted plans for two developments at its Exeter Logistics Park in east Devon.
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Tritax Big Box drinks up Avonmouth shed for £90m
Tritax Big Box REIT has acquired a wine distribution unit in Avonmouth for £90m, reflecting a net initial yield of 5.1%.
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Former diesel engine factory brought to market
Shepherd Chartered Surveyors has brought the landmark former Cummins Diesel Engine Factory to market for lease.
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SEGRO bolsters Thames Valley property team
SEGRO has expanded its property team in the Thames Valley with the appointment of Jo Jackson as director.
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ASI looks to buy IM Properties’ £90m Amazon shed in Hinckley
Aberdeen Standard Investments (ASI) is in talks to buy a warehouse let to Amazon in Hinckley for £90m, representing a yield of over 3%.
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Tesco in talks on £100m Pets at Homes distribution centre funding
Tesco Pension Fund is in talks to forward fund the development of Pets at Homes’ Staffordshire distribution centre in a near-£100m deal.
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ASI to forward fund £110m Next distribution centre sale and leaseback
Aberdeen Standard Investments is to forward fund the £110m sale and leaseback of Next’s new distribution centre as the retailer looks to expand its operations.
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DB Cargo appoints Glenny to sublet space at London Eurohub
DB Cargo has appointed Glenny to sublet space at London Eurohub.
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Industrial and logistics yields set to hit a new record low of 3.5%
Average industrial and logistics yields remain at their lowest on record for the fifth consecutive month – and Savills is predicting they will contract further before the end of the year.
