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Industrial news – Page 5
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NewsFlurry of lettings at Phoenix Close Industrial Estate
Industrials REIT has completed a flurry of new lettings at Phoenix Close Industrial Estate in Heywood, Greater Manchester.
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Arrow acquires £233m Amazon Wakefield hub
Arrow Capital Partners has bought Amazon’s Wakefield distribution centre from Mountpark for £233m.
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Amazon Prime Video signs studio lease in Shepperton
Amazon Prime Video has signed a lease for TV and film studio space at Shepperton Studios.
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Rent collection in UK industrial sector returns to pre-Covid levels
Rent collection in the UK industrial sector has exceeded pre-Covid levels for the first time since the pandemic began, according to research by commercial property management platform Re-Leased.
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Industrial rents surge across South East submarkets
Industrial rents in many of the South East’s geographical submarkets has surged, according to data from SHW shared exclusively with Property Week.
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LondonMetric buys Luton warehouse
LondonMetric has paid Marcol Industrial Investments £15.5m for an urban logistics warehouse in Luton.
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Canmoor hires consultant Haden-Scott
Canmoor has appointed Tim Haden-Scott as a consultant for the firm with immediate effect.
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Lok’nStore first half revenue soars
Self-storage group Lok’nStore has posted a 34.1% rise in revenue during the first six months of its financial year.
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Picton buys another Gloucester multi-let industrial asset
Picton has completed the off-market acquisition of the Mill Place Trading Estate in Gloucester from Robert Hitchins for £10.4m, reflecting a net initial yield of 6.1%.
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Industrial shortage poses a ‘serious crisis’ to the capital
Industrial Land Commission argues that it is vital ‘to protect, intensify and provide new industrial spaces’.
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HelloFresh signs on at SmartParc SEGRO Derby
Meal-kit delivery company HelloFresh has signed on to occupy 118,000 sq ft at SmartParc SEGRO Derby.
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DHL takes 302,000 sq ft at Park Ryton
DHL Supply Chain has signed a lease to take a 302,000 sq ft distribution centre at Park Ryton, near Coventry.
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Alternative Income REIT buys Volvo showroom
Alternative Income REIT has completed an off-market deal to buy a Volvo car showroom on Bath Road in Slough for £5m.
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Kajima completes £45m Warehouse K purchase
Kajima has completed the purchase of Warehouse K, a grade-II listed former tobacco warehouse at the heart of London’s Docklands, for £45m.
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Industrials REIT continues rental growth despite Omicron impact
Industrials REIT has claimed a “strong quarter” during the final three months of 2021 as rental value rose following a series of new lettings.
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London housing development pushes out 64.5m sq ft of industrial space
London has lost around a quarter (24%) of industrial floorspace over the past 20 years, equating to more than 64.5m sq ft.
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Westmount partners with Ares on 6.1m sq ft US industrial deal
Dallas-based commercial real estate company Westmount Realty Capital has partnered with a fund managed by the Real Estate Group of Ares Management Corporation to recapitalise a 51-asset industrial portfolio totaling 6.1m sq ft in Chicago and Milwaukee.
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Bridge Industrial snaps up South East office scheme
US developer Bridge Industrial has snapped up an out-of-town office park in Weybridge, Surrey.
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Warehouse REIT updates investors
Warehouse REIT has completed 12 lettings and 10 lease renewals ahead of estimated rental value (ERV) during the period since the beginning of October last year.
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QuadReal and Valor launch £2.5bn urban logistics JV
QuadReal Property Group and Valor Real Estate Partners have launched their second joint venture together to invest an additional €3bn (£2.51bn) in urban logistics assets located in the UK, France and Germany.
