By Richard Hook2018-04-24T14:30:00
Industrial and logistics take-up in Q1 2018 reached 9.8m sq ft – the highest first quarter on record.
New research from BNP PRE revealed that growth of online retailing, parcel operators and third-party logistics providers was the key cause of the record figures with the retail sector accounting for the greatest share of total take-up at 45.6%.
Leading occupiers drove the growth with XPO Logistics and Amazon having signed for a combined 1.88m sq ft at the SEGRO Logistics Park East Midlands Gateway site and United Parcel Service recently securing the green light to build a 435,000 sq ft unit at an airside site next to East Midlands International Airport.
You must be logged in to continue
Register for free to finish this article.
Sign up now for the following benefits:
To access this article REGISTER NOW
Would you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week.