Industrial news – Page 7
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NewsQ3 commercial investment falls 57% but UK industrial sector shows ‘glimmers of light’
European commercial real estate registered the seventh consecutive quarterly fall in investment in Q3, but the UK industrial sector provided a small bright spot, according to the latest research from MSCI Real Assets.
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NewsHBD submits plans for £35m-GDV west Lancashire shed
Developer HBD, part of Henry Boot Group, has submitted a planning application for 245,000 sq ft of industrial and logistics space in a £35m-GDV scheme in west Lancashire.
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OnlineSEGRO reveals strong rental growth over first nine months of 2022
SEGRO has reported strong rental growth for the year to date and a positive outlook on the back of an active asset management programme.
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OnlineInvestec provides £80m loan for Norton’s Suffolk distribution centre
Investec Real Estate has provided Norton Group with an £80m financing package to fund the development of a distribution centre in Suffolk.
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OnlineSandyford secures £20m Barclays debt facility in drive to double portfolio
UK multi-let industrial property company Sandyford Properties has secured a £20m, five-year revolving credit facility with Barclays to fund acquisitions, as the group looks to more than double its portfolio over the next five years.
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OnlineTritax Big Box REIT agrees £500m RCF
Logistics group Tritax Big Box REIT has agreed a £500m sustainability-linked unsecured revolving credit facility (RCF) with a syndicate of its existing relationship banks and new lenders.
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NewsChancerygate acquires Manchester site for £15m I&L scheme
Developer Chancerygate has acquired a 2.3-acre site in east Manchester to speculatively build a £15m 59,500 sq ft grade-A urban logistics and industrial scheme.
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NewsInvestment activity gains momentum despite weak Q3 volumes
Investment activity in UK commercial property has improved in Q3 – despite a slip to a three-year low, according to Lambert Smith Hampton’s latest UK Investment Transactions (UKIT) report.
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NewsProperty portfolio valuation dips at Schroder European REIT
Schroder European REIT (SERE), which invests in real estate in European growth cities, has announced a 1.9% fall in the value of its direct property portfolio, to €214.1m (£185.5m), over Q3.
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News£50m investment deal kickstarts Phase II of fertiliser manufacturing plant in Yorkshire
Commercial developer Horncastle Group and crop inputs manufacturer Yara International have agreed an investment deal, representing over £50m, to deliver the UK’s largest fertiliser manufacturing plant in Yorkshire.
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NewsHowdens signs 15-year lease at West Yorkshire business park
FTSE 100-listed fitted kitchens provider Howdens has signed a 15-year lease at Caldene Business Centre in West Yorkshire.
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NewsWarehouse REIT sells two warehouses for 30% above book value
Warehouse REIT has sold two warehouses in Cardiff and on the Isle of Wight for £9.5m, 30% ahead of their combined book value at the end of March, reflecting a 6% average net initial yield.
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NewsLXi REIT cheered by ‘green shoots’ despite reporting valuation fall in trading update
LXi REIT pointed to “green shoots emerging” as it reported a fall in the value of its property portfolio from £3.36bn on 31 March to £3.19bn on 30 September.
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NewsSirius Real Estate’s UK rent roll exceeds £50m for first time
Industrial park owner and operator Sirius Real Estate’s UK rent roll has exceeded £50m for the first time, buoyed by a record sales month in September.
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NewsGodwin Developments snaps up 54-acre site for new employment hub
Godwin Developments has exchanged undisclosed contracts with a consortium of landowners on a 54-acre site in Daventry, Northamptonshire, which it plans to transform into an employment hub.
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OnlineBritish Land secures planning permission for south London logistics hub
British Land has secured planning consent for a 140,000 sq ft, multi-level last-mile logistics scheme in Southwark, south London.
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OnlineSEGRO appoints new European head of investment
SEGRO has appointed Philipp Oevermann to lead the company’s investment activities in continental Europe.
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NewsBis Henderson merges consultancy and space arms to form Visku
Supply chain consulting and warehouse specialist Bis Henderson has merged its consultancy and space businesses and rebranded them as Visku, forming a £70m revenue business with over 16m sq ft of warehouse space.
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NewsSandyford completes three new lets at Saltney industrial estate
Commercial property investor Sandyford Properties has let 47,134 sq ft of newly refurbished space in three separate transactions at Saltney industrial estate near Chester.
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NewsChancerygate submits plans for £27m speculative grade-A logistics site in Horsham
Developer Chancerygate has lodged plans to speculatively build 105,000 sq ft of grade-A urban logistics and industrial space in Southwater near Horsham, West Sussex.
