Automotive & roadside
The £400m International Advanced Manufacturing Park (IAMP) which will span across Sunderland and south Tyneside has moved a step closer to construction as the joint venture behind the 100 acre development has received the green light from Sunderland City Council.
The UK lacks the infrastructure needed to achieve the government’s goal of boosting the number of alternative fuel vehicles (AFVs) on the road and eliminating new petrol and diesel vehicle sales by 2040, according to Colliers International’s latest Automotive Viewpoint report.
Electric vehicles have had a meteoric rise in the UK and developers are beginning to recognise the implications for the housing sector.
Automotive giant Williams Group has announced plans for a £41m flagship retail centre at Peel Land and Property’s TraffordCity development in Manchester.
Petrol forecourt values reached a new peak last year thanks to strong demand from private equity buyers and a lack of supply, according to Barber Wadlow’s 2018 Forecourt Property Market Update.