Global Logistics Company secures Coventry warehouse
Global logistics company Network International Cargo has secured a warehouse in Coventry to expand its operations.
Global logistics company Network International Cargo has secured a warehouse in Coventry to expand its operations.
Supply is at an all time high, which means occupiers have not had it so good in years. Right? But with increasingly high rent levels, Liza Helps asks how lucky occupiers really feel.
There has been a growing trend for the redevelopment of office space into industrial particularly in the Home Counties of Berkshire, Buckinghamshire, along the M4 corridor but this is rapidly expanding.
A second build-to-suit distribution centre is set to be delivered at Stoford and EPTA Development Corporation (EDC)’s 2 million ft2 Axis Works scheme in Bristol.
Plans for a 750,000 ft2 cargo hub at Newcastle Airport are set to be submitted later this year. A preferred developer has already been chosen.
GLi has submitted plans for an urban warehouse in Charlton, Southeast London to Greenwich Council.
Healthcare wholesaler and distributor Alliance Healthcare has taken a new lease on a warehouse at Gravelly Point in Birmingham, West Midlands.
Thurrock Council has approved a new 10-year Local Development Order to enable continued expansion at DP World’s 9 million ft2 London Gateway Logistics Park.
Tritax Big Box Developments (TBBD) has announced that it is progressing with some 2.57 million ft2 of warehouse development in 2025.
Occupiers face considerable rent hikes on lease renewals and rent reviews following huge rent increases over the past five years. Wincanton saw a 28.8% rent hike when it secured lease renewal at its distribution centre in the Midlands recently.
Specialist beauty 3PL BDM Logistics and Management has taken a lease on a 146,000 ft2 warehouse at Oxenwood’s 426,000 ft2 Power Park Nottingham scheme in the East Midlands.
Greenbox Darlington has officially reached practical completion, delivering over 400,000 ft2 of best-in-class sustainable, Grade A logistics and industrial space to the Northeast.
Wrenbridge and Bridges Fund Management have secured a site in Letchworth Hertfordshire to develop a 130,000 ft2 industrial and logistics mid box scheme.
Development company Monte Blackburn is preparing to submit plans for a 930,000 ft2 industrial and logistics scheme near Preston in the Northwest.
FOLLOWING STELLAR interest in the newly launched awards, the deadline for entries has been extended until 14 March 2025.
The decision by a leading UK supermarket retailer to take a build-to-suit on the latest phase of Indurent’s Access 18 scheme in Avonmouth is seen as encouragement for 450,000 ft2 of further speculative development.
Boldly going ahead with a speculative development in the spring/summer of 2024 was deemed ‘very brave’ but with vacancy rates in the region bucking national trends and remaining sub 3% – perhaps this is more calculated than risky…
A highly bespoke M&S logistics centre requirement has been linked to Vancouver based real estate development and investment firm, Epta Development Corporation (EDC) and development partner Stoford’s 2 million ft2 Axis Works scheme in Bristol, which secured reserved planning permission for a highly bespoke 390,000 ft2 plus cross docked warehouse on Friday last week.
HBD, part of Henry Boot, and Barnfield Group, have secured reserved matters planning for a further three buildings at the JV’s 800,000 ft2 APTUS industrial and logistics scheme in Preston, Lancashire.
The 25,000 m² hub at Coventry SEGRO Park features advanced automation with a handling capacity of over 1 million parcels per day.