Industrial news
Segro still paying dividend as it receives 71% of expected quarterly rent
Segro received 71% of expected rent payments at the end of March, compared to 96% at the same time last year.
Galliard transforms Essex warehouse into essential supplies unit to support ‘NHS heroes’
Galliard Homes has donated a warehouse complex in Essex to the local authority in order to store essential supplies.
Covid-19 to drive over 5m sq ft of industrial requirements, says LSH
The Covid-19 outbreak will drive over 5m sq ft of industrial and logistics requirements, according to Lambert Smith Hampton’s (LSH’s) latest industrial and logistics report.
Dunelm warehouse sold for £2.2m
A warehouse let to Dunelm in Halifax, Yorkshire, has been sold to property investor Parkside Props for £2.2m.
Oakmount purchases former Latimer Trend site in Plymouth
Oakmount Control Systems has bought the former Latimer Trend site in Plymouth.
FirethornTrust makes three hires
FirethornTrust has made three new recruits as it bolsters its in-house development capabilities.
Tesco reoccupies 620,000 sq ft unit in Milton Keynes to meet coronavirus demand
Tesco has re-taken possession of a vacant warehouse in Milton Keynes to deal with a surge in demand caused by the Covid-19 lockdown.
Covid-19: Blackstone buys logistics assets as demand soars for online shopping during health crisis
US private equity giant Blackstone has agreed a £120m deal to buy a portfolio of logistics sites across the UK from Clearbell Capital as online shopping soars in response to the Covid-19 pandemic.
Hines markets Morrisons industrial unit in Bristol
Hines has appointed agents to market an empty 423,000 sq ft industrial unit in Cribbs Causeway, Bristol, with a view to potentially selling the asset once it is income-producing.
Saltire moves forward with ambitious expansion plan
Last year, Scottish developer Saltire unveiled ambitious plans to capitalise on the supply demand imbalance for modern industrial premises from small businesses in Scotland, by delivering 200 units by 2021.
Tritax warns on Coronavirus as NAV falls
Tritax Big Box REIT has warned Coronavirus may impact earnings as it posted a fall in net asset value (NAV) for the year to the end of December.
