Developer sees 44% increase on rent reviews and renewals
Investor developer and FTSE listed UK Real Estate Investment Trust SEGRO saw a 44% increase in rent reviews and renewals in the first half of the year.
Investor developer and FTSE listed UK Real Estate Investment Trust SEGRO saw a 44% increase in rent reviews and renewals in the first half of the year.
A 60,000 ft2 plus warehouse in Poole is to undergo a £2.4 million refurbishment following planning permission.
Privately owned and family-run French developer BARJANE is promoting a 420,000 ft2 warehouse development on land next to the M69/M6 Interchange in Warwickshire, West Midlands.
Ecommerce company Manthar Holdings, trading as Interior Homewares London, has snapped up Westbrook Partners’ newly refurbished warehouse, Unit 1 in Tyseley Park, Tyseley Birmingham.
Developer investors Indurent is bringing forward two industrial and logistics scheme in the Northwest totalling more than 400,000 ft2.
Hillwood, with Maple Grove Developments have agreed terms with Welsh Government to speculatively develop a single industrial unit of 57,486 ft2 on a 4.85 acre plot at Brocastle Employment Park near Bridgend in South Wales.
Brackley Property Developments is aiming to submit outline plans for up to 1 million ft2 of R&D, Advanced Manufacturing and industrial and logistics space on a brownfield site in Derby following an Environmental Impact Assessment application.
Plans for up to 540,000 ft2 of warehouse space have been submitted for a site in Leeds, West Yorkshire.
Occupiers of UK warehouses have been given a reprieve after new PM Andrew Burnham announced that the 20% business rates discount offered to high street retailers and pubs would not be paid for with a hike in rates for warehouses.
Plans for a circa.170,000 ft2 midbox warehouse in Trafford Park, Manchester have been approved alongside alternative uses for a 280,000 ft2 data centre on the same site.
The battle of the industrial and logistics developer giants looks to be coming to a head with the SEGRO board saying that US rival Prologis’s last minute £14 billion offer is in essence: ‘much more like it’.
A 2 million ft2 plus XXL build-to-suit warehouse is being proposed for an 84 acre greenfield site off Junction 25 of the M5 Motorway to the east of Taunton, Somerset with intitial proposals typical of the new generation Amazon warehouses being brought forward in Northampton, Melton near Hull and at Caddick’s 4.5 million ft2 EM.EX Worksop scheme in the East Midlands.
Right now, warehouses over 500,000 ft2 are hot property nationwide but are increasingly in short supply – if available at all on a regional basis. DTRE research reports that there were just 39 buildings over 300,000 ft2 at the end of May – the lowest supply level since December 2024. And the larger the building, the scarcer the beast with Knight Frank noting there are probably only eight or nine properties immediately available over 400,000 ft2. One such property is Ultrabox – a bit of a beast on the outskirts of East London…
One of the largest property companies in the world Prologis has entered into a partnership with a consultancy Fulfillment IQ to accelerate AI adoption and automation across the supply chain.
Packaging company Graphic Packaging has taken a new lease on Unit A Frontier House Interlink Business Park in Leicestershire in the East Midlands.
US industrial and logistics investor developer Prologis is set to build an ‘all-electric’ warehouse in the Northwest – its first in this region after acquiring a site in Trafford Park, Manchester.
Online grocer Ocado has secured a last mile fulfilment centre at developer investor Indurent’s Indurent Park Stoke Central scheme in the West Midlands.
UK FTSE listed investor developer SEGRO has rejected a third offer from US rival Prologis stating that Prologis’s proposals have been opportunistically timed to capitalise on a dislocated share price.
Retailers, industrial and logistics developers, and UK logistics business groups have warned that increasing business rates for large warehouses and out-of-town developments puts at the UK’s new PM’s pledge to tackle the cost of living crisis at risk.
Take up of warehouse space across the UK has been driven by e-commerce businesses both directly or indirectly through contracts with 3PLs so far in 2026.