Industrial news
Take-up of big-box I&L space plummets as occupiers hit pause
Take-up of grade-A big-box industrial and logistics (I&L) space has plummeted over the past four quarters, according to analysis by BNP Paribas Real Estate.
Net tangible assets slump 15.1% at LXi following Secure Income REIT merger
The value of net tangible assets (NTA) at LXi REIT slumped 15.1% in the year to the end of March to 121.1p per share, compared to 142.6p a year earlier.
Warehouse REIT swings to £182.8m loss as portfolio value slumps
The value of Warehouse REIT’s portfolio slumped 18.5% in the year to the end of March as the group was hit by industry-wide outward yield movements.
Only industrial and West End offices to see “robust rental growth” in next five years, says IPF
Industrial assets and London’s West End office market will be the only two property sectors to outperform the all- property average during the next five years, according to an International Property Forum (IPF) report.
Annual NAV and portfolio values nudge up at Sirius
Sirius Real Estate has posted a small rise in net asset value (NAV) and portfolio value in an indication that outwards yield movement in the property sector has eased.
Intermediate Capital Group Real Estate launches European logistics platform
The real estate division of Intermediate Capital Group (ICG) has announced the formation of Metropolitan Last Mile (Metropolitan), a pan-European distribution and industrial platform aiming to treble its assets over the next 18 months.
Sirius agrees early new lending deal
Sirius Real Estate has agreed an early refinancing of the company’s next major debt expiry with German lender Deutsche Pfandbriefbank.
Clearbell fund snaps up six UK sheds for £34m
Clearbell Capital’s Property Partners IV fund has acquired six regional industrial assets from Palace Capital for £34m, in a deal reflecting a 6.2% net initial yield.
LondonMetric agrees £200m takeover of CT Property Trust
LondonMetric has agreed a deal to buy rival CT Property Trust (CTPT) for £198.6m.
Around 4m sq ft of big-box I&L space made available for sublet as large space take-up plummets
Around 4m sq ft of grade-A big-box industrial and logistics space has become available to sublet in the UK, according to analysis by BNP Paribas Real Estate.
Godwin submits planning for mixed-use Wisbech scheme
Godwin Developments has submitted an outline planning application for a range of commercial uses for its 9.5-acre site in Wisbech, Cambridgeshire.
