Warehouse rents on the increase
Colliers latest Industrial and Logistics Rents Map research notes that UK’s average prime headline rents are increasing.
Colliers latest Industrial and Logistics Rents Map research notes that UK’s average prime headline rents are increasing.
In what is believed to be only its second joint venture with logistics developer Panattoni, Japanese global real estate company Mitsui Fudosan has secured the 10-acre Falcon Estate within the North Feltham Trading Estate near Heathrow, West London, which it intends to redevelop to provide up to 250,000 ft2 of logistics space in an off market deal sealed this week.
Carlsberg Britvic has confirmed that it has secured a 222,000 ft2 pre-let at global real estate investor, developer and manager Oxford Properties and Logistics Capital Partners 8 million ft2 West Midlands Interchange scheme in Staffordhsire, West Midlands.
3PL Torque Retail Services, has agreed a deal on its largest warehouse to date, at Wakefield Europort in West Yorkshire, to support continued growth and new client wins.
Investor Crosstree Real Estate Partners, and urban warehouse investor and developer, Bloom, have acquired two multi-let industrial estates in London for their £200 million last-mile, industrial and logistics joint venture.
According to Savills latest Big Shed Briefing online retailers are the most active sector taking industrial and logistics space so far this year but are hiding their light behind third party contracts with 3PLs.
A household products wholesaler has taken Pearl & Coutts’ 49,798 ft2 midbox warehouse in Birmingham a week after it became vacant as enquiries and take-up for midbox space in the Midlands grows.
Midlands logistics firm IMC Logistics has snapped up a former DHL parcel hub in Birmingham to help facilitate its expansion plans.
Amazon has announced that it is to finally occupy and operate its 125,000 ft2 delivery station in Gloucester after seeking to sublet the space.
The Government has shocked the landlords and investors by seeking to ban upward only rent review clauses as part of its Devolution Bill announced in Parliament yesterday.
North Northamptonshire Council planning committee have approved IM Properties proposals for a 1.9 million ft2 industrial and logistics scheme in Thrapston weeks after refusing a similar scheme close by.
Supply chain specialist Menzies Distribution Solutions has taken Logicor’s Unit B warehouse on Danes Way, Daventry International Rail Freight Terminal (DIRFT), in Northampton.
Tesco has announced a major investment in a new state-of-the-art distribution centre at DP World London Gateway, which it expects to open in 2029.
Electric car manufacturer Tesla is looking to take a circa 150,000 ft2 warehouse facility in Trafford Park Manchester to act a a delivery hub in the North.
Greenwich Council has approved developer GLi’s plans for an urban warehouse in Charlton, Southeast London.
Lee Barron, MP for Corby & East Northamptonshire, has sent an open letter to North Northamptonshire councillors regarding the development of a 1.9 million ft2 warehouse scheme in Thrapston, where council planning officers have already recommended approval.
E-commerce logistics specialist Whistl has pre-let a 140,000 ft2 warehouse at developer PLP’ 360,000 ft2 PLP Astley scheme in Wigan, Greater Manchester.
Sortimo International, a vehicle fit out company with Amazon as a client among others, has secured a 67,629 ft2 high bay warehouse facility on the former Shearing Coach site at Appleton Thorn in the Northwest.
Global services partner to pharmaceutical and medtech manufacturers Uniphar Pharma, has taken Hines’ 113,000 ft2 warehouse at Dove Valley Park, Derby.
Logistics developer, investor and asset manager Padrock has bought a site in Leyton, East London to develop a 210,000 ft2 speculative urban multi-let logistics development.