Industrial news – Page 46
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NewsAmazon under offer on 747,000 sq ft shed at GLP’s Magna Park
Amazon is under offer to occupy a 747,000 sq ft warehouse at Magna Park, Lutterworth, as the online retailer continues to snap up huge chunks of space in the UK.
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OnlineLXi posts solid annual figures as industrial and supermarket assets hold up well in pandemic
Net asset value (NAV) at industrial investor LXi REIT nudged up in the year to the end of March despite the Covid-19 pandemic.
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NewsBridges and XLB acquire prime Frimley shed refurb
Bridges Fund Management and XLB Property have acquired a 9-acre site at Frimley Business Park, near Farnborough in Surrey to redevelop into a sustainable, 90,000 sq ft industrial and logistics scheme.
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NewsOrchard Street lands two Communication Park lettings
Orchard Street Investment Management has completed two lettings at its Communication Park industrial estate in Feltham, West London following a recent refurbishment.
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NewsBridge Industrial makes UK debut with London purchase
US developer Bridge Industrial has made its UK debut by snapping up a three-acre site in Southall, London, Property Week can reveal.
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OnlineLondonMetric buys warehouse in Waltham Cross
LondonMetric Property has paid £43.8m for an urban logistics warehouse in Waltham Cross in Hertfordshire through a sale and lease back transaction.
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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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OnlineWarehouse 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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OnlinePanattoni acquires East Midlands site
Panattoni has acquired a 31-acre site at Junction 28 of the M1.
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NewsGLP 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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OnlineAEW 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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OnlineGorillas 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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NewsErgo 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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OnlineLondonmetric 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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OnlineLXi 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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OnlineMayfair 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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OnlineLG 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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OnlineAxa 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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OnlineJP 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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NewsBlackstone 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.
