Off market deal for Lichfield warehouse
A Staffordshire warehouse unit has changed hands in an off market deal for £2.723 million reflecting a net initial yield of 6%.
A Staffordshire warehouse unit has changed hands in an off market deal for £2.723 million reflecting a net initial yield of 6%.
New research by last mile specialist developer Valor says more than a third of Londoners buy their groceries online nearly four times as much as the national average putting increased pressure on the Capital’s last mile delivery infrastructure.
3PL Wincanton has expanded its Scottish operations with the acquisition of a second distribution facility in North Lanarkshire in two years.
Food and beverage 3PL Food Service Logistics has taken Amazon’s ex last mile delivery warehouse in Hemel Hempstead to serve its contract with global coffee shop chain Starbucks.
The government in the form of Michael Gove, Secretary of State for the Department of Levelling Up, Housing and Communities, has told Sadiq Khan, the Mayor of London to free up 1,800 acres of industrial land for residential use.
Developer Panattoni has begun the speculative developing a 645,000 sq ft net zero carbon logistics park in Sittingbourne, Kent.
Grocery retailer Waitrose has cited rent rises as a reason to shutter its customer fulfilment centre in Enfield a year prior to the end of its lease.
Real estate investor Oxford Properties Group and developer/asset manager Logistics Capital Partners have secured planning permission for a 340,000 ft2 logistics hub on its 15-acre site adjacent to Heathrow Airport in West London.
Developer investors Sellar has secured outline planning for a 4.79-acre industrial and warehousing development next to Sky Studios Elstree.
The Royal Town Planning Institute (RTPI) has expressed its support for the government to build more homes on brownfield land but not at the expense of commercial, industrial and logistics uses.
UK independent parcel carrier, Yodel, has opened a brand-new depot in Huyton in the northwest.
The British Property Federation has said brownfield land should be open to all development not just residential to promote sustainability and economic growth – and that includes industrial and logistics development.
Property company Ashfield Land has acquired the 40-acre former Shawell quarry site in Leicestershire with the intention of securing planning for a logistics scheme.
Contractor Winvic has broken ground on a four unit industrial and logistcs scheme in Bootle, Liverpool in the North west.
Commercial property developer and investor Barberry has announced its latest site acquisition in the Midlands – the third so far this year.
A newly launched real estate company will focus on refurbishment and redevelopment of existing industrial and logistics stock rather than greenfield development.
Two food firms have secured warehouse space at two different SEGRO urban warehouse developments.
Two MPs have come out against an outline planning application for the development of a 1.29 million ft2 logistics scheme on land at Junction 17 of the A12 for near Chelmsford in Essex.
Delivery specialist DX has expanded its two-man division with the opening of one brand new Supersite in the North West and the upgrading of another as a Supersite in London.
The latest UK Warehousing Association report produced by Savills revealed that the warehousing sector has grown by 61% in the last decade to stand at nearly 700 million ft2.