Industrial news – Page 7
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Safestore CFO retires after decade with self-storage group
Safestore’s chief financial officer (CFO) Andy Jones is set to retire from the self-storage giant after more than a decade with the business.
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Mirastar snaps up 285,000 sq ft Sheffield industrial development
Premcor Estates and its joint venture partner Peveril Securities have sold a prime industrial development at Catalyst in Sheffield to Mirastar, KKR Real Estate’s industrial and logistics platform, for an undisclosed sum.
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Wykeland Group secures deal to develop 3m sq ft logistics site
Developer Wykeland Group has agreed to sell a 211-acre site in east Yorkshire for an undisclosed sum to Finnish tissue paper manufacturer Metsä Tissue, for the construction of the UK’s largest tissue paper mill.
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Investor Leftfield buys two Bradford warehouses
Specialist investor Leftfield has acquired two speculatively built industrial properties totalling 94,674 sq ft on Thornbury Industrial Park in Bradford from developer Marshall CDP for an undisclosed sum.
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Glenbrook Investments snaps up South Yorkshire industrial properties in £4m deal
Glenbrook Investments has acquired two industrial properties from manufacturer Metalliform in a £4m sale-and-leaseback deal.
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Cornwall Council seeks partner for airport-led mixed-asset scheme
Cornwall Council is seeking a strategic partner for a mixed-asset site anchored by Cornwall Airport Newquay (CAN).
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Commercial property transactions plummet 73% but retail and leisure offer ‘silver lining’
Commercial property transactions fell 67% in the past six months, while the total value of commercial deals plunged 73% to £3.7bn, research from Sirius Property Finance has revealed.
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Arrow hits letting target with Barnsley warehouse scheme
Real estate manager, investor and developer Arrow Capital Partners has leased Arrow 186, a 186,000 sq ft warehouse in Barnsley, South Yorkshire, to Gem Imports.
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Lok’nStore appoints Barker as non-exec
Self-storage company Lok’nStore has appointed lawyer Bridget Barker as an independent non-executive director.
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Westbrook buys Haslemere Industrial Estate from Barings for £12.75m
Real estate private equity investor Westbrook has acquired Haslemere Industrial Estate in Bishop’s Stortford, Hertfordshire from Barings for £12.75m.
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Warehouse REIT appoints O’Rourke as non-exec director
Warehouse REIT has appointed Next director Dominic as an independent non-executive director.
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Ediston sells property portfolio to US’s Realty Income for £200m
US real estate group Realty Income has agreed to buy London-listed property investment firm Ediston Property Investment Company’s (EPIC) entire property portfolio in a deal worth £201m.
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Nuveen secures €40m investment for pan-European push
Nuveen Real Estate has secured a further €40m (£34m) in capital commitments for its pan-European diversified strategy from a Canadian institutional investor.
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Lidl opens its largest-ever distribution centre in Luton
Budget supermarket giant Lidl has opened its largest-ever warehouse in Houghton Regis, Luton.
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Staffordshire R&D premises changes hands for £6.5m
Siddall Jones has advised an undisclosed vendor on the £6.5m sale of a warehouse and office premises on Fradley Park in Staffordshire.
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Londonmetric adds two solar PV arrays to its portfolio
LondonMetric Property is to add solar panel PV arrays to two of its assets in Bicester and Coventry as part of its strategy to help occupiers meet their net zero goals.
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NAV dips at abrdn European Logistics Income
Net asset value (NAV) at abrdn European Logistics Income’s portfolio dipped 2.6% in the quarter to the end of June.
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Industrials REIT acquires Rochester Trade Park
Multi-let specialist Industrials REIT has snapped up Rochester Trade Park for an undisclosed price from clients of Swiss Life Asset Managers UK – its first investment since its acquisition by Blackstone in June.
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St Modwen Park Broomhall set for expansion as two new leases signed
St Modwen Park Broomhall in Worcester is set for expansion after planning permission was secured for an extra 72,000 sq ft of warehouse space and two businesses signed new leases on the industrial park.
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Valor agrees to pay £146m for Lothbury's west London industrial estate
Valor Real Estate Partners has agreed terms to buy the Tera 40 industrial estate in Greenford, west London from Lothbury Investment Management for around £146m.