Pallet-Track doubles size of Midlands hub
Freight logistics specialist Pallet-Track has doubled the size of its Midlands hub by taking a 405,000 ft2 facility at investor developer Goold Estates’ Waterways Business Park in Wolverhampton.
Freight logistics specialist Pallet-Track has doubled the size of its Midlands hub by taking a 405,000 ft2 facility at investor developer Goold Estates’ Waterways Business Park in Wolverhampton.
A newly launched last mile joint venture between US investor JP Morgan and UK developer Graftongate has secured a site for a 160,000 ft2 last mile urban development in Reading in the Thames Valley.
Developer Indurent has submitted an outline planning application for a huge new 2.3 million ft2 logistics scheme on land south east of Junction 16 of the M6 motorway in Staffordshire.
Warehouse rents in the Midlands are forging ahead with prime rents for midbox space pushing £12.50 per ft2 around Birmingham and big box warehouses topping £10.50 per ft2 but quoting rents reaching even higher – possibly £14-15 per ft2 for midbox space.
Temperature control solutions company ICS Cool Energy has snapped up a 42,000 ft2 midbox warehouse at developer Vengrove’s Avalon Point scheme at Erdington Industrial Park in Birmingham.
Amazon is the ultimate occupier of Panattoni’s 885,000 ft2 speculative mega shed in Bristol after a fashion – the building has actually been let to 3PL GXO in its entirety to service a contract with the internet giant.
Tesco has leased a 491,926 ft2 warehouse at developer Mountpark’s Mountpark Hinckley scheme in Leicestershire in the East Midlands
Chinese owned e-commerce giant JD.com has snapped up two units at PLP’s 1.06 million ft2 PLP MK scheme in Milton Keynes.
Discount retail giant Aldi is set to close its 600,000 ft2 distribution centre in Sawley, Derbyshire, in a move to improve supply chain efficiency.
In the big scheme of things, a 77,947 ft2 warehouse facility is not exactly, well – not exactly. It’s size would suggest that it’s a run of the mill small to midbox shed but Bridge Industrial’s Bridge Point Southall warehouse is one, in London and two, is big in all the right places…
Industrial and logistics developer Seybourne Estates has submitted proposals to redevelop the former Pavilions Sports Club and ICI sports pitches in Runcorn as a 225,00 ft2 warehouse scheme.
Toyota has committed to developing a new fleet maintenance hub in Leicestershire following he submission of plans on its behalf by developer Hortons.
Express distribution company Federal Express Corporation, has announced two new state-of-the-art logistics hubs in the UK.
Privately owned property development & investment company Marshgate Group has sold its interest in the 35-acre Horizon 120 Phase 2 industrial and logistics development site in Braintreee Essex to Panattoni for an undisclosed sum.
GREYKITE European Real Estate Fund I has entered into a strategic partnership with Martley Capital to build the UK division of its Lagerhome industrial platform in the UK and has made its debut with the acquisition of a 100,000 ft2 multi-let scheme in Milton Keynes.
Global Cargo Solutions has secured a sublease from The Pallet Network for a new Midlands depot at Prologis Park Midpoint in Birmingham.
Developers Chancerygate and Hines have been granted planning approval for a 166,500 ft2 midbox warehouse scheme in Oldham in the North West.
Fast-growing parcel delivery company HIVED has secured the last remaining unit at SEGRO’s co-location urban industrial scheme SEGRO Park Hayes in West London.
McLaren Construction Midlands and North has been appointed to deliver a mega shed of 575,000 ft2 plus on Plot 4 of BGO and Equation’s Matrix 49 scheme in Avonmouth in the Southwest.
The UK’s biggest warehouses have outperformed their smaller counterparts from a rent growth point of view in the last five years according to the latest research from DTRE.