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Logistics firm Paack Logistics UK has let global investment manager Federated Hermes’ 33,446 sq ft warehouse at Perivale Park in West London. Alex Kington, vice-president of Altus Group, which is joint letting agent, said: “Paack are a fast-growing international logistics business that entered the UK within the last three years and has since seen significant…
Real estate investor LondonMetric Property has announced plans to raise £100 million in a share placing in order to support its deal pipeline and bolster its income. About £60m will be used to acquire a long income portfolio of five assets including a sale and leaseback with a convenience/online operator. A further £10m will be used…
BluJay Solutions has warned supply chains not to under-estimate the impact that Brexit will have on the flow of goods come 1 January 2021, when the UK’s transition period ends. With supply chains currently concerned with coming out of the current lockdown of economies worldwide as a result of the Covid-19 pandemic it could be…
Global logistics giant C.H Robinson said that UK businesses need to optimise the distribution capacity of their supply chains as they emerge from Covid-19 protection measures. Chris Mills, regional MD, transportation, for Western Europe at the US-based 3PL said that the impact of the pandemic would mean changes to risk management, new methods of supply…
Rent levels are still holding up despite the Covid-19 pandemic, Colliers International reported in its latest quarterly round-up. Two weeks after the typical quarterly deadline, Colliers International’s Property Management team collected 63% of rent and 57% service charge across all property sectors. This compares with a typical quarter at 99.5% and 89% respectively. Industrial occupiers…
XPO Logistics felt the hit of a “downsizing” in business by its largest customer, alongside the global impact of Covid-19 on logistics movements, but said it would still invest in automation, digital technology and supply chain visibility. Turnover for the quarter fell 6.2% to $3.86 billion in Q1, compared with $4.12 billion for the same…
Changes in consumer behaviour, driven predominantly by social distancing measures, will continue to stimulate e-commerce related industrial and logistics property requirements according to Colliers International. According to the Office National Statistics online retail sales reached a record high of 22.3% in March and, on a recent webinar. Len Rosso, head of industrial and logistics at…
Next has secured the £107 million sale and leaseback of a warehouse complex in West Yorkshire totalling 1.18 million sq ft. The properties have been sold to global asset management company, Aviva Investors for its Lime Property Fund, a long income real estate fund launched in 2004. The fund has a net asset value of…
The International Air Transport Association (IATA) and the Universal Postal Union (UPU) have warned that current air capacity for postal services is insufficient and could curb e-commerce growth. Both associations said that a 95% drop in passenger flights, which are usually used to transport mail, alongside a 25%-35% increase in e-commerce demand, has led to…
UK manufacturing supply chains were victim of “substantial disruption” in April, with production, new orders and employment all contracted at the fastest rates in recorded history, while lead times lengthened to their highest in 28 years. According to the latest IHS Markit/CIPS Purchasing Managers’ Index the global pandemic also hit overseas demand for UK manufacturers,…
Clipper Logistics has promoted from within to expand its senior management team. Stefan Van-Hoof has been promoted from group chief operating officer to group deputy chief executive officer, reporting to Tony Mannix, group chief executive officer, and the executive board. Van-Hoof was previously MD of Clipper’s European business. Meanwhile Martin O’Grady has been promoted from…
Property agents Avison Young and Rapleys have been appointed to market the 2.3 million sq ft Gateway 14 industrial and logistics scheme in Stowmarket, Suffolk. Developer Jaynic was appointed development manager recently and masterplanning is currently underway across the 156-acre site at Junction 50 of the A14 Avison Young has been appointed to market the…
The development of an 800,000 sq ft national distribution and training centre at Hargreaves Land and Waystone’s Unity scheme in South Yorkshire could help kick start the 618-acre mixed-use regeneration scheme next year. The joint venture has exchanged conditional contracts for the £25 million sale of a 79-acre plot to a national retailer for the…
UK e-commerce retailer The Hut Group (THG) is to launch THG Air with the purchase and operation of two of its own dedicated cargo planes. THG – which includes brands such as Glossybox, Zavvi and MyProtein – is also to partner with Singapore Airlines to charter more than 100 flights to remove its reliance on scheduled passenger services. The e-commerce giant…
Amazon posted a turnover of £7,662.91 per second in the first three-months of 2020, adding that it would spend the entirety of its predicted Q2 operating profit on “getting products to customers and keeping employees safe”. In the three-months ending 31 March, Amazon achieved a turnover of $75.5 billion worldwide, up 26% year-on-year, while operating…
The impact of Covid-19 on supply chains has led to a 200% increase in storage requirement enquires at Solent Gateway in Hampshire. Solent Gateway is a joint venture between David Macbrayne Ltd and GBA (Holdings) Ltd to develop and manage the Port of Marchwood. Chris Anderson, head of business development at Solent Gateway. said: “We’ve…
Retailer Next has cancelled some £290 million of purchases from suppliers due to the excess of stock currently in its warehouses and supply chain. Next said its sales had fallen 41% in the year to 25 April, with store sales down 52% and online down 32%. It said that this reduction in sales volumes had…
Unipart Group has appointed Darren Leigh as group chief financial ffficer with effect from today. Leigh joins from financial software investor Finastra, but has extensive logistics experience having worked as executive vice-president for commercial finance at Sage and as chief financial officer for Freightliner. Leigh said: “I know Unipart has often been at the forefront…
The May issue of Logistics Manager is out now in print, online as well as for the iPad and Android. Cover story: Unmasked! The world of materials handling is adapting quickly to the challenge of Covid-19. Find out in our Materials Handling Special how logistics is rising to the challenge. Sector report: Automotive supply chains and logistics Normal practices have…
The second phase of developer Jaynic’s Suffolk Park in Bury St Edmunds, Suffolk, has secured detailed planning consent from West Suffolk Council. The second phase of warehouse units at the 114-acre scheme totals 367,000 sq ft in four units of 37,000 sq ft, 80,000 sq ft, 100,000 sq ft and 150,000 sq ft, respectively. Jaynic…
The Freight Transport Association has called on the government to keep trade flowing efficiently between Northern Ireland and Great Britain following the conclusion of the Brexit transition period. The FTA said that the government was meeting today to discuss the Northern Ireland protocol, which establishes Northern Ireland’s trading status after the end of the transition…
Sainsbury’s expects to incur costs of £500 million as a result of the impact of Covid-19 on its merchandise and clothing sales, despite increased volumes of food sales. The grocer said it had seen “materially reduced clothing and general merchandise sales” in stores, a reflection of differing customer priorities and reduced stocks of clothing. In…
DSVPanalpina has tightened its payment terms after warning that the Covid-19 pandemic will lead to a higher credit risk among its customers. In its Q1 2020 financial report the global 3PL giant told investors that to “mitigate this risk, we have tightened our authorisation policies for approval of payment terms and are closely monitoring trade…
Lanolips has awarded Walker Logistics the contract to manage its UK B2B and B2C supply chains. As part of the agreement Walker will receive incoming stock at its Berkshire storage facility and pick, pack and dispatch replenishment stock to retailers – including Boots, Waitrose and Anthropolgie. It will also fulfill sales generated by Lanolips’ e-commerce…
The fundamental drivers of demand for big box warehousing remain strong across Europe despite the current Covid-19 pandemic, according to Tritax. The specialist logistics investor said that the crisis has only highlighted an anticipated growing need for ‘modern, well specified, strategically located buildings close to major population centres and infrastructure’. The statement came ahead of…
Last week I was asked by a major 3PL about what will happen after Covid-19 and if I could share any trends or future predictions. I’ll be honest, I found it quite a hard question to answer. There’s the obvious answers: increased use of automation and robotics is a given, as is its impact on…
Air cargo faces a capacity crunch that could be exacerbated by a global recession, according to industry trade body the IATA. Global demand, measured in cargo tonne kms fell 15.8% in March compared to the previous year , while available cargo tonne kms shrank by 24.6% in March. “At present, we don’t have enough capacity…
Joint venture partners St Francis Group and iSec have launched a 1.4 million sq ft warehouse and logistics development at Markham Vale in north Derbyshire. The scheme known as Horizon29 is being developed in two phases. The first phase of Horizon29 was recently granted detailed planning consent for 824,000 sq ft in five units ranging…
The number one concern among fashion and footwear retailers is establishing a baseline inventory position once Covid-19 lockdown restrictions have been lifted. According to a survey of European and North American retailers by RFID software vendor SML, having a clear view of inventory was of higher importance to retailers than improving on-line order fulfilment and…
Proposals for a build-to-suit mega shed for an as yet unnamed occupier have been put forward by Segro for a 33.66-acre plot at its 6 million sq ft East Midlands Gateway Scheme in Leicestershire. A full application has been submitted to North West Leicestershire Council for a facility just shy of 700,000 sq ft on…
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