Industrial news
LaSalle IM secures £95m industrial parks for GMPF
LaSalle Investment Management has purchased two new distribution parks in the South East for £95m on behalf of Greater Manchester Pension Fund.
Stenprop plans to become 'serviced industrial' provider
The newly listed REIT aims to provide serviced-office style flexibility to multi-let industrial estate tenants.
CBRE GI secures industrial double from Hillwood
CBRE Global Investors has acquired two recently completed distribution centres in Germany in a portfolio forward purchase from US-based developer Hillwood.
Montagu Evans appoints new partners for retail and industrial
Development consultancy Montagu Evans has added two new partners with Andrew Haughey joining from Capital & Regional to head up retail asset management for the firm and Paul Londra joining its industrial team from Doherty Baines.
Chancerygate wins approval for Bristol industrial scheme
Chancerygate, has secured planning permission from South Gloucestershire Council for a 121,000 sq ft industrial development at Warmley Business Park outside Bristol.
New York State invests $500m in Blackstone and Prologis funds
New York State Common Retirement Fund (NYSCRF) has committed a further $500m (€373m) in two real estate funds managed by Blackstone and Prologis
Aberdeen Standard secures former US air base for logistics fund
Aberdeen Standard European Logistics Income has exchanged on its second deal since IPO with the €33m (£29m) acquisition of a two multi-let logistic buildings at a redeveloped US air base in Germany.
Cording buys South East mixed-use portfolio for £38m
Cording Real Estate Group has acquired a portfolio of mixed-use assets across the UK in an off-market transaction for £38.4m.
Trebor and Hillwood secure 14.5 acre site for first JV scheme
Trebor Developments has secured the first site as part of its joint venture with leading US investor Hillwood with the acquisition of a 14.5 acre site at Western Approach Distribution Park in Avonmouth.
Phase one of £400m IAMP gets green light
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.
Canmoor secures first new occupier at Westway Park in record deal
Developer Canmoor has secured its first new occupier since acquiring Westway Park in Renfrew near Glasgow in the largest industrial deal in Scotland this year.
