Quality versus quantity
In this first In Depth Focus, Liza Helps takes a closer look at the secondhand logistics property market where quality over quantity has never been more apt.
In this first In Depth Focus, Liza Helps takes a closer look at the secondhand logistics property market where quality over quantity has never been more apt.
Outline proposals for a 1.6 million ft2 business park which will include 1.2 million ft2 of industrial and logistics space in Derby have been recommended for approval.
Redsun Projects has submitted a detailed planning application for a new 50,000 ft2 midbox warehouse at Knowsley Business Park.
International logistics specialist EFL Global has snapped up AIPUT’s (Airport Industrial Property Unit Trust) 27,760 ft2 Black Arrow warehouse at its Blackthorne Point scheme in Heathrow, as its first UK base.
3PL Kammac, part of the Pallet Network, has taken a 100,596 ft2 warehouse at the Quintus development at Branston Locks, Burton in the West Midlands as part of its ambitious expansion plans.
Food and beverage packaging company Coptrin has relocated to a 41,598 ft2 warehouse at J Pullan & Sons 120-acre Howley Park Estate in Morley to consolidate to one new HQ and distribution site.
An ex NCP car park near Heathrow airport has secured planning to be redeveloped to provide much need logistics space in the area.
Poundland is refurbishing its chilled and frozen food hub in Darton, Barnsley to become the company’s second digital distribution centre.
THE GOVERNMENT has launched a consultation looking specifically at the planning system and how it can help or hinder the development of warehousing and infrastructure necessary to support the £127 billion freight and logistics sector in England.
Yorkshire-based property and investment company Glentrool Estates has submitted detailed plans for a further 515,990 ft2 of industrial and logistics space at its £157.9 million Sherburn2 development in Yorkshire.
SEGRO HAS paid £120 million to secure the former Radlett Aerodrome which it has been looking to redevelop as a strategic rail freight interchange for more than a decade.
The off market sale of a multi let industrial scheme in Erdington has triggered the development of two mid box warehouses on the site.
St Modwen Logistics, has secured a resolution to grant outline planning for its 1.2 million ft2 multi-phase development of St Modwen Park Meaford in the East Midlands from Stafford Council.
Increasing the supply of sustainable warehouse space was front and centre of Baroness Scott of Bybrook, Parliamentary Under Secretary of State at the Department for Levelling Up, Housing and Communities’ opening speech at the UKWA Awards for Excellence lunch this week as she acknowledged the economic contribution of the supply chain industry as a whole.
THERE HAS been a flurry of practical completions on speculative warehouse developments in the last month.
Connect Distribution Services’ 211,000 ft2 former warehouse base in Birmingham is up for sale with a £5 million price tag.
Developer Panattoni has begun speculatively developing a 268,063 ft2 last-mile logistics development at Brighton, which it acquired in an off market deal with Kennedy Wilson last year.
Property investor developer Cole Waterhouse and private equity real estate manager Henderson Park, are seeking to push forward the second phase of their 136-acre Konect 62 industrial and logistics scheme in Knottingley, West Yorkshire.
Specialist Food ingredient manufacturer and distributor FDL has taken a 76,908 ft2 warehouse at Ergo Real Estate and NFU Mutual joint venture Aver Property’s ErgoStafford scheme in the West Midlands.
Two warehouses at real estate investor Mirastar’s £60 million 285,000 ft2 Catalyst scheme in Sheffield, South Yorkshire, have been snapped up prior to practical completion.