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US-based industrial real estate and investment manager Bridge Industrial, has bought its first warehouse in the UK since opening its London office in November 2020 and following the announcement that is has struck a £1bn development partnership Canada’s largest pension investment manager, Public Sector Pension Investment Board earlier this month. Bridge has purchased a site…
Such is the demand from investors for a slice of the UK warehouse market that real estate investor Blackstone is happy to pay more than 20% over the market price for developer St Modwen. The company has offered to buy the developer for £1.227bn – 21.1% over the market price of St Modwen the day…
Logistics specialist Rhenus has opened a fourth site on Magna Park in Lutterworth. Rhenus Warehousing Solutions Lutterworth, formerly CML, has been operating on Magna Park for 22 years and currently occupies three warehouses on the site. The new warehouse takes Rhenus to a total of just over 650,000 ft2 of warehouse space on Magna Park,…
National foodservice business Reynolds has netted £40 million + with a sale and leaseback of its 115,000 ft2 warehouse in Waltham Cross to investor LondonMetric. The deal sees the food company agree a 23-year lease with the benefit of CPI+1 linked rent reviews of between 2-4% in return for a consideration of £43.8m The building…
Coca-Cola has partnered with Shippeo to implement real-time visibility across its road transport network to improve efficiencies. The real-time visibility of Coca-Cola HBC’s transportation network provided by Shippeo will allow the company to further improve both internal and external logistics efficiency, by improving collaboration with its carriers. The deployment of the technology aims to improve…
DP World has today announced that it has signed an agreement with road transport operator Swain Group, for a 2.25 acre distribution centre at London Gateway freight and logistics hub. Under the three year agreement, Swain Group will use the quayside site for the temporary storage of imported construction materials such as stone and offsite…
Industrial developer Panattoni, bought a 31-acre site at Junction 28 of the M1 where it plans to bring forward two speculative warehouses. Panattoni Park J28 Central M1 is the latest addition to the developer’s portfolio, having recently announced that it would speculatively build three million ft2 warehouse space in the UK this year. The site…
Berkshire Grey, IntraLogisteX exhibitor, continues to expand through a variety of growth strategies. In 2020, the EMEA employee base for the company increased by 50% and the company established its Canadian subsidiary, as well as its Japanese entity through its partnership with SoftBank Robotics and SB Logistics subsidiaries of SoftBank Group. Intelligent Enterprise Robotics, a new category of AI-enabled robotic solutions…
Investor Ergo Real Estate, on behalf of Aver Property, its joint venture with NFU Mutual, is forward funding the development of 1.1 million ft2 of warehouse space across the UK. It has agreed to fund two mid box schemes; one in Middlewhich where it will see the development of Units 1,2 and 3 totalling 222,743…
Ultra fast German grocery delivery company Gorillas has taken a five-year lease on a unit at SEGRO Park Deptford in south east London. It is the latest in a plethora of app-based grocery delivery companies to have set up in London in the past year following Dija and Weezy. Gorillas will employ around eight people…
Fulfilment specialist 51T Enterprise Solutions has a range of space-saving technologies and will be bringing them exclusively to IntraLogisteX 2021 this July. The company has a range of technologies including smart charging and storage for computer handheld devices, such as its 51T Enterprise Smart Charging Cabinet which has the ability to securely store and charge 100…
Walker Logistics has secured planning for a new 125,000 ft2 warehouse on land south of Membury Services between junctions 14 and 15 of the M4 motorway in Berkshire. West Berkshire Council granted outline planning permission for the scheme, which will include the warehouse, ancillary office floorspace, as well as an aircraft museum building and associated…
Kuehne+Nagel has acquired Apex International Corporation after pursuing ambitions in Asia. Kuehne+Nagel has completed the acquisition of Apex International Corporation, (Apex), following the satisfaction of all closing conditions, including the receipt of unconditional regulatory approvals from the competent authorities. Apex is one of Asia’s leading freight forwarders, especially on the transpacific and intra-Asia trade routes….
Online retailer occupiers have been snapping up speculative space in the North West as available supply dwindles according to the latest research by CBRE. In the North West specifically, 73% of take-up comprised speculatively built units, of which the majority were let to online retailers. Availability of logistics space in the region is now at…
US logistics developer Bridge Industrial has formed a £1bn partnership with Canada’s largest pension investment manager, Public Sector Pension Investment Board, to acquire and develop logistics properties in the UK. The partnership will focus on developing and acquiring last-mile logistics assets within high-barrier infill submarkets in Greater London and the Midlands region. Bridge will oversee…
Marks & Spencer has partnered Blue Yonder to digitally transform its supply chain to reduce costs and improve material flow. Blue Yonder has completed the implementation of its demand and fulfilment capabilities through its ‘Luminate Planning’, to enable Marks and Spencer to quickly adapt to changing demands from consumers. The cloud-based platform which is built…
Tritax Symmetry has submitted a dual application for the development of the next phase of its 53-acre Symmetry Park Bicester scheme. The application could see the development of either a single 268,765 ft2 warehouse on the 14.59 acre Plot C or the development of two new distribution units comprising 90,298 ft2 and 172,180 ft2. The…
Provider of outsourced, asset-light services to the circular economy, has acquired technology platform Rebound, to further sustainable returns. Rebound works with companies such as Asos, Gymshark, and Sweaty Betty to manage their returns more sustainably. The move is set to supercharge retail’s sustainability efforts worldwide as the industry attempts to tackle the environmental impact of…
LG Electronics has pre-let unit 1, a 50,000 ft2 warehouse at Kennedy Wilson and Tungsten Properties’ project at Union Park in Leighton Buzzard, Bedfordshire. The new development has replaced the previous buildings, with eight new industrial and logistics units totalling 163,940 ft2, with units ranging from 14,000 ft2 to 50,000 ft2. Unit 1 accounts for…
Amazon is opening a 107,639 ft2 delivery station in Redditch which it will use to deliver parcels to local customers in the area. The facility comes with the promise of 40 permanent jobs in addition to the more than 100 driver opportunities for Amazon Logistics’ delivery service partners and Amazon Flex delivery partners. The delivery…
On demand, carbon neutral, clearance and recycling company Clearabee has taken the last warehouse at IM Properties The Hub scheme in Birmingham. The company has taken a 22,000 ft2 warehouse where it intends to repair and recycle old sofa’s the first operation of its kind in the UK. Rob Linton operations director and co-founder of…
GB Railfreight has today announced a two year deal with A.P. Moller – Maersk for a new train service. The service will operate from Felixstowe to Newell, and Wright in Tinsley, and will consist of daily trains, five times a week. This new service will incorporate five new eco-fret 2 wagons which we have recently…
NFU Mutual is investing £100 million with Clowes Developments to fund the development of six new logistics facilities in the UK totalling 1 million ft2. The deal will see the delivery of six new Grade A logistics warehouses, five speculative and the sixth a pre-let across three of Clowes Development’s sites – EMDC, Castlewood Business…
Tritax Symmetry is offering fast track design and build options at its Symmetry Park Darlington scheme in the North East. With outline planning consent secured and full site infrastructure in place, the developer said it can deliver unit sizes from 50,000 ft2 up to 577,500 ft2 within the year. The announcement responds to the rapidly…
UNICEF, with support of DP World is sending critical medical supplies to help fight the continuing surge in Covid-19 cases in India. With the support of DP World’s end-to-end logistics services, the equipment was dispatched from UNICEF’s warehouse in Dubai to New Delhi and includes two million face shields and 200,000 surgical masks. This latest…
DPD is installing air quality monitors on its vehicles across six of the biggest cities in the UK to measure the amount of pollution produced when making deliveries. Project ‘Breathe’ is already live in London with 100 mobile air quality sensors on the roof of DPD vans, and 20 fixed units on DPD PickUp shops….
Shipping giant A.P. Moller – Maersk has had a strong start to the year, with strong earnings and growth momentum across all our businesses in ocean, port services, and logistics. High demand as well as significant operational challenges such as bottlenecks, lack of capacity, and equipment shortage in global supply chains drove freight rates up…
Homeware retailer Dunelm has taken a 189,214 ft2 warehouse at Prologis’ 7 million ft2 DIRFT III development in the East Midlands. The retailer has taken a 10-year lease and is set to move in once construction completes in September this year. The move supports Dunelm’s focus on innovating and improving its customer proposition, as well as the…
IAG Cargo and its sister company British Airways is flying 27 tonnes of urgent medical equipment to Delhi later this evening, (5th May 2021). The two companies will be loaded with emergency aid to Delhi to support the country as it fights the Covid-19 pandemic. A project team was formed to organise the flight, which…
CBRE is reporting that at the end of the first quarter of 2021 there was 16 million ft2 of warehouse space under offer in the UK twice the level at the end of 2020. However the amount of space taken up in the first quarter was lower than average reflecting the acute shortage of ready-to-occupy…
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