Industrial news
Urban Logistics grows NAV by 5.5%
Urban Logistics grew its EPRA NAV 5.5% in the first half of the year to 129.21p.
E-commerce demand boosts rental income at Segro
Rental income at Segro surged 43% in the first nine months of the year as demand for logistics space from online retailers continued to grow.
Gramercy Europe launches fourth industrial fund after completing MBO
Gramercy Europe is set to launch a fourth logistics and industrial fund, targeting the raising of €400m (£352.5m) of equity.
Tritax Big Box forward funds £89m Bosch build at Midlands Logistics Park
Tritax Big Box REIT has agreed to forward fund the development of a new £89.3m national distribution centre for Bosch Group’s BSH Home Appliances at Midlands Logistics Park in Corby.
Muse serves up new UK distribution centre for Brewdog
Independent craft beer company BrewDog has acquired the 129,000 sq ft ‘Vertex’ building at Muse Developments’ Eurocentral Business Park in Lanarkshire to serve as its new UK distribution centre.
AIPUT's cargo warehouse cleared to land outside Heathrow
Aberdeen Standard Investment’s AIPUT fund has secured a resolution to grant planning permission for a 250,000 sq ft custom-built cargo warehouse serving Heathrow Airport.
Full speed ahead for Bucchleuch and Argon's Velocity logistics scheme
Buccleuch Property and Argon Properties have received detailed planning consent to develop a 157,000 sq ft manufacturing and distribution unit at a 10-acre site in Armstrong Way, Washington.
Tasty deal sees Hines nab Europe's largest food logistics hub
Hines has acquired Fresh Park Venlo in the Netherlands from Royal ZON - the 270-acre park is Europe’s largest logistics hub for food.
Saudi investor acquires £137.5m portfolio
Saudi Arabian sharia compliant asset manager Sedco Capital has completed the acquisition of a $179.9m (£137.5m) portfolio of three assets across the UK and France including the Vodafone-let Waterside House in Bracknell.
Warehouse REIT to deliver £25m mixed-use redevelopment of Glasgow industrial estate
Listed industrial investor Warehouse REIT has secured planning permission for change of use on 16 acres of its land at the Queenslie Park industrial estate in Glasgow where it plans to create a £25m GDV mixed-use scheme.
P3 leases Madrid logistics space to Airbus
P3 Logistics Parks has signed a deal with Airbus to let a new 336,695 sq ft space in its logistics hub at P3 Illescas park in Toledo, south of Madrid.
