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Overseas investors snap up Midlands warehousing

Overseas investors spent £600 million on warehousing in the Midlands in the third quarter of 2023 as international investors bet on the continuing strength of the UK’s logistics heartland according to real estate analytics firm CoStar Group.

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Food firm secures expansion space

Food wholesaler Shankar Foods has snapped up one of Orchard Street Investment Management’s newly refurbished warehouse units at its Nimbus Park industrial estate in Dunstable to facilitate its UK expansion.

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Another new logistics scheme for Basingstoke

An application for 1 million ft2 plus logistics scheme at Junction 5 of the M3 motorway on the edge of Basingstoke has been submitted, just weeks after Newlands Development announced it would be pursuing a development options for its controversial scheme just two  motorway junctions on at Junction 7.

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Next to close Bradford warehouse

Clothes and homeware retailer Next is closing its returns distribution centre in Bradford citing among other reasons the high cost of updating and repairing the 1980s facility.

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