Industry sector
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Urgently needed scheme promoted

IM Properties has revealed details of an ‘urgently needed’ employment site in Sutton Coldfield neighbouring its Peddimore scheme in Minworth, North Warwickshire, which could include up to 126 acres for logistics use with the ability to accommodate a single unit of 1 million ft2.

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DHL logistics scheme plans rejected

Yet again local councillors on a planning committee have gone against their planning officer recommendations and have rejected a logistics scheme with the result that the promoter is looking to appeal.

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Boohoo closes US warehouse

Online fashion retailer Boohoo has closed its US warehouse operation less than a year after opening and will serve US customers from its Sheffield DC instead.

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New wave of UK spec warehousing for Panattoni 

A new wave of speculative logistics warehouse development is on the horizon after industrial and logistics space developer Panattoni successfully closed a £625 million development loan facility, to invest in speculative development in the UK.

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Midbox scheme for Bedfordshire

Private equity real estate investor Paloma Capital and development partner Graftongate have completed the off market acquisition of a 5.77 acre industrial site in Bedfordshire where they intend to develop a £25 million Midbox warehouse scheme.

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Logistics space for Northeast

Around 850,000 ft2 of space for industrial and logistics uses  is being proposed for the International Advanced Manufacturing Park in Sunderland in the Northeast.

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JV backs urban warehouse refurb programme

Private real estate investment firm Crosstree Real Estate Partners and urban development specialist Bloom has set up a £200 million joint venture to target down at heel urban industrial estates for refurbishment.

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Investors plumping for warehouses

Industrial and logistics warehousing stock is ‘flavour de jour’ for investors with Real Estate Investment Trust Tritax Big Box poised to enter the FTSE Top 100 for the first time this month.

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Darlington scheme underway

Logistics developer and operator Citivale and investor Partners Group, have started vertical construction of 402,150 ft2 logsitics and industrial scheme in Darlington in the Northeast.

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