Industrial news – Page 6
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NewsUrban Logistics REIT offsets portfolio yield erosion with asset management initiatives
Urban Logistics REIT’s asset management initiatives have largely offset the market-driven yield erosion seen in its portfolio, leading to a reduction in net tangible assets of 3%, according to its results for the six months ended 30 September.
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Cushman & Wakefield appoints Nick Carvey as associate
Commercial real estate services firm Cushman & Wakefield has expanded its UK logistics & industrial team with the appointment of Nick Carvey as an associate.
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Industrials REIT takes 4,300 sq ft at Stockport Exchange
Stockport Council and developer Muse have signed a deal with multi-let specialist Industrials REIT, which will take 4,327 sq ft at business district Stockport Exchange.
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St. Modwen acquires 170,000 sq ft Hatfield warehouse for £50m
Logistics manager and developer St. Modwen has acquired a 170,000 sq ft cross-docked distribution centre for £50m in Hatfield, Hertfordshire.
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Commercial property values fall -6.8% in October
Capital values decreased by -6.8% across all UK commercial property in October 2022, according to the latest CBRE Monthly Index.
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Warehouse REIT reports resilient trading performance
Asset management and strong occupier demand has underpinned a solid trading performance for Warehouse REIT for the six months ended 30 September 2022.
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Industrial scheme at Scottish distribution hub gets go-ahead
Planning permission has been granted for Orchard Park, an industrial and logistics development at Eurocentral, Scotland’s distribution hub in North Lanarkshire.
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Bloom secures planning for Greenwich ultra-urban development
Planning consent for a sustainable warehouse development in Greenwich, London, has been granted to the ultra-urban industrial investor and developer, Bloom.
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LondonMetric completes £28m of sales
LondonMetric Property has sold two assets for £28.2m, reflecting a blended net initial yield (NIY) of 4.6%.
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Demand for multi-let industrial continues to outstrip supply, Industrials REIT reveals
Demand for multi-let industrial (MLI) continued to outstrip supply for the period 1 July 2022 to 30 September 2022, according to Industrials REIT’s MLI trading update Q2 FY 2023.
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Profit at M7 Regional E-Warehouse REIT rises despite valuation falls
M7 Regional E-Warehouse REIT saw a dip in net asset value (NAV) during the three months to the end of September.
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SPPARC to design new masterplan for Chatham Docks
Architecture studio SPPARC has been appointed by manufacturing conglomerate ArcelorMittal Kent Wire to design a new masterplan for Chatham Docks in Kent.
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Lenders favour ‘crisis-resistant’ prime office and industrial property, report finds
Prime offices and industrial have proven the most “crisis-resistant” and are the property sectors that the most lenders are willing to finance at 95% and 85% respectively, according to the Bayes UK Commercial Real Estate Lending Report.
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Retrofitting can support UK net zero targets, says JLL
A report from real estate consultancy JLL has found that retrofitting offices and industrial buildings can deliver the required energy reductions to support the UK’s 2050 net-zero targets.
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‘High demand’ for space drives new lettings at Urban Logistics
Urban Logistics has told investors it can ride out the economic storm as demand for its assets remains strong.
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Graphic Packaging takes Bristol warehouse
Real estate firm Mileway has let Titan, a newly refurbished 255,686 sq ft distribution warehouse in Yate, Bristol to US firm Graphic Packaging International.
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Supply shortages continue to boost SEGRO
SEGRO has told investors that its industrial and logistics property portfolio is benefitting from a continuation of limited supply and should “continue to support high levels of rental growth”.
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PLP begins speculative construction of Stafford big box site
Industrial property owner PLP, owned by Ivanhoé Cambridge, Macquarie Asset Management and Peel L&P, has begun developing a 344,478 sq ft speculative logistics unit at Stone Business Park, Stafford.
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Warehouse REIT strikes above-ERV lettings in Coventry and Plymouth
Last-mile logistics group Warehouse REIT has completed two lettings in Coventry and Plymouth totalling 205,000 sq ft.
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Grit agrees one of sub-Saharan Africa’s largest real estate loans
Grit Real Estate Income Group has agreed a loan and revolving credit facility for up to $306m (£271m).
