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Industrial news – Page 25
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NewsASI 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.
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The Character Group snaps up Middleton industrial complex
The CharacterGroup has acquired a 158,000 sq ft warehouse and office facility in Middleton, Property Week can reveal.
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Frasers reveals spec plans for Glasgow multi-let industrial scheme
Frasers Property has revealed plans to speculatively develop a multi-let industrial scheme near Glasgow.
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Symmetry Park first phase receives planning consent
Tritax Symmetry, Tritax Big Box’s dedicated logistics development company, has secured detailed planning permission for the first phase of Symmetry Park in Rugby, comprising 320,000 sq ft of logistics accommodation.
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Partners Group sells US industrial portfolio for £730m
Partners Group has sold a portfolio of 88 industrial properties on behalf of clients with a combined leasable area of 8.6m sq ft for more than $1bn (£730m).
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Staples vacates and sublets Northamptonshire distribution centre
Staples has vacated its 528,000 sq ft distribution centre in Northamptonshire and sublet the building to Wincanton.
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Warehouse space under offer reaches record high in Q1 2021
A record level of warehouse space was under offer at the end of Q1 2021, totalling 16m sq ft across 55 units, according to data from CBRE.
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Hemstock hired to drive Midlands industrial growth at Prologis
Prologis has hired James Hemstock to help drive its growth in the Midlands industrial market.
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Oxford and LCP mull purchase of £1bn West Midlands Interchange
Oxford Properties and Logistics Capital Partners are considering buying West Midlands Interchange, an upcoming 734-acre logistics scheme with a gross development value of more than £1bn.
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Prologis buys back former Arcadia DC for boohoo letting
Prologis has bought back the former distribution centre it developed and sold to Arcadia in 2017, and leased it to boohoo.
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Tritax to develop 550,000 sq ft Glasgow shed for HarperCollins’ relocation
Tritax Symmetry has agreed terms with HarperCollins to develop a 550,000 sq ft warehouse near Glasgow for the publisher’s relocation.
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TCC hires Forster to head UK logistics expansion
US developer Trammell Crow Company (TCC) has hired former DHL director Mike Forster to spearhead its expansion into the UK logistics market.
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Etopia Homes first UK developer to commit to EDGE Zero Carbon certification
Modular housing start-up Etopia Homes has become the first UK developer to commit to achieving an EDGE Zero Carbon certification.
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SEGRO collects 89% of second quarter rent
SEGRO has collected 89% of the £52m rent due for the second quarter of the year.
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How low can yields go in the booming industrial market?
Record take-up and investment fuel concerns that boom times cannot last as yields harden to record lows
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Verdion lets Doncaster shed to DUSK
Verdion has let a warehouse in Doncaster to a luxury bedding retailer, Property Week can reveal.
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Online
Urban Logistics REIT buys in Warrington and Edinburgh
Urban Logistics REIT has announced the acquisition of two assets for £21.7m and has collected 99% of its rent due for the current quarter.
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Fortwell funds Shrewsbury e-commerce industrial site
Specialist lender Fortwell Capital has provided a £6.65m loan to Irish investor and developer Mm Capital for the acquisition and repurposing of an industrial site in Shrewsbury.
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