Industrial news – Page 6
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OnlineTritax EuroBox reports NAV decrease
Net asset value (NAV) at Tritax EuroBox slumped 25% in the year to the end of September as yields moved out across the property sector.
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OnlineValor completes £101m loan on London urban logistics assets
Valor Real Estate Partners has secured a five-year £101m loan from Canada Life Asset Management.
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NewsHBD and Barnfield get greenlight for 800,000 sq ft Lancashire industrial scheme
Developers HBD and Barnfield Group have secured planning permission for an 800,000 sq ft logistics scheme in Preston, Lancashire.
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OnlineSt Modwen secures £525m lending deal
RBC Capital Markets has agreed a £525m five-year loan to help fund St Modwen’s development pipeline.
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NewsFerrovial sells stake in Heathrow airport owner for over £2bn
Airport developer and operator Ferrovial has sold its 25% stake in Heathrow airport parent company FGP TopCo for £2.37bn.
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OnlineTritax Big Box REIT sells six assets for £327m
A disposals update from Tritax Big Box REIT has revealed that it has sold six assets so far in its 2023 financial year for £327m, at a blended 4.34% net initial yield.
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OnlineFourth quarter revenue edges up at Safestore
Storage giant Safestore increased its group revenue by 1.4% during the three months to the end of October.
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NewsPeel Waters submits plans for 108,553 sq ft Salford I&L development
Peel Waters, Peel L&P’s waterfront development arm, has submitted plans for a 108,553 sq ft logistics and industrial development in Salford.
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NewsUK faces ‘gigafactory gap’ which could see automotive industry ‘relocate to Europe’
The UK faces a growing ‘gigafactory gap’, with insufficient electric vehicle (EV) battery manufacturing capacity to satisfy demand as European competitors take control of the market, a cross-party House of Commons committee report has found.
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NewsUK Commercial Property REIT drops Picton merger
UK Commercial Property REIT (UKCM) has ended merger discussions with Picton because its largest shareholder, Phoenix Life, which controls around 43% of UKCM’s share capital, does not support the terms proposed.
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OnlineWarehouse REIT to sell 2m sq ft Crewe industrial park development to reduce debt
Warehouse REIT plans to sell its Radway Green industrial park in Crewe in an effort to reduce debt.
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NewsFreehold industrial lots to take centre stage at BidX1’s next sale
A freehold warehouse building on a site with development potential in Hillsborough, South Yorkshire, with a guide price of £900,000-plus, will be the top-priced lot in online auctioneer BidX1’s 23 November sale.
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NewsRegional REIT reports robust Q3 despite office market headwinds
Regional REIT achieved a high tenant retention rate for Q3, with 73.2% of units up for renewal let to the same tenants at an average 6.2% rise in rental income, its trading update for the quarter said.
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NewsGalliard and City Developments JV buys massive Morden Wharf site
Mixed-use developer Galliard Homes has acquired the 13.8-acre Morden Wharf site in London’s Royal Borough of Greenwich to develop around 1,500 homes, in a joint venture with City Developments Limited (CDL), Property Week can reveal.
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NewsTritax Symmetry hires five and promotes two to support expansion
National logistics developer Tritax Symmetry has taken on five new staff and promoted another two to support the company’s expansion.
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NewsUK Commercial Property REIT and Picton in merger talks
UK Commercial Property REIT (UKCM) is in discussions with Picton Property Income regarding a possible all-share merger, which would create a company with net assets of around £1.6bn and a portfolio worth around £2bn.
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NewsMinister backs veto for planned giant Buckinghamshire data centre to ‘protect green belt’
Government minister Lee Rowley has upheld the rejection of plans to build England’s largest data centre in Iver, Buckinghamshire, between the M25 and an industrial estate, citing the need to protect the green belt.
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NewsSirius Real Estate acquires £33.5m portfolio of three north London assets
Sirius Real Estate, through its BizSpace subsidiary, has acquired a £33.5m portfolio of three assets in north London from a closed-ended fund.
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NewsHistoric Hampshire naval base set for mixed-use regeneration scheme
Gosport Borough Council has approved the first two phases of the restoration of an historic naval base in Lee-on-the-Solent, Hampshire.
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NewsBrookfield and Copley snap up trio of Heathrow distribution hubs in £54m deal
Global real estate investor, operator and developer Brookfield and industrial real estate operator Copley Point Capital have snapped up three distribution warehouses by Heathrow airport.
