Realterm, a vertically integrated owner and manager of high-flow through (HFT) logistics facilities serving the transportation industry, has instructed Colliers and LSH to let two warehouses in Warrington (257,319ft2) and Long Eaton, Nottingham (261,904ft2). The freehold Warrington unit, WA257, located three miles east of Warrington town-centre in a prime North West logistics location, Hardwick Grange…
Goodman has broken ground on a 124,038ft2 high-specification industrial and logistics facility in East Horndon, Brentwood. Located just three miles from Junction 29 of the M25, Goodman’s London Brentwood Commercial Park will deliver a new business and employment space, set to boost economic growth in the Borough. From fast access to London and the South East via…
Developer Verdion has completed its latest speculative warehouse at its 6 million ft2 iPort development in Doncaster, South Yorkshire. The 174,380ft2 unit has now achieved BREEAM Very Good and an EPC A rating and is the first of four speculative buildings totalling of 680,000ft2 being delivered at iPort over the next eight months. Two further…
DIY Retailer B&Q has secured a 430,000ft2 mega warehouse at Tritax Symmetry’s 721,000ft2 Symmetry Park Doncaster scheme in South Yorkshire. The company has secured a 15-year lease on the bespoke building, which will become a seasonal warehouse and distribution centre. The facility will be built to net zero carbon in construction, in line with Tritax…
Canmoor is set to welcome the Steder Group as the latest new occupier at Westway Park in Renfrew, Scotland. The global logistics service provider has signed up for 60,000ft2 of logistics space at the newly refurbished Block D on a 10-year lease. The Scottish & Dutch-owned company, which is headquartered in Hillington, Glasgow and in…
Last year rents increased 8.7% on average the highest growth in over 30 years according to the latest research by Collieries International. This was prompted by a record low supply of 18.1 million ft2 (down 34% year-on-year) triggered by a new record take-up of 50.7 million ft2 and a record annual share of online sales…
Making the best use of industrial warehouse space has become even more urgent at the start of 2022 with the latest figures suggesting a severe shortage is due to the pressures of e-commerce. A recent Colliers report has highlighted that only 18.1 million ft2 of space remains in the UK despite the building of 11.1 million…
Industrial occupiers are in a race for space as the UK is experiencing the lowest level of supply ever recorded, according to research from Colliers, with only 18.1 million ft2 left, due to demand for logistics units continuing to be driven by the structural change in consumer spending patterns. Colliers states that take-up in 2021…
Never before has logistics been more critical. Yet outdated perceptions persist to the detriment of progress. Liza Helps reports Blot on the landscape. Monstrosity. Horrific. Oppressive. Troubling. Unsightly. Totally inappropriate. Just some of the words used to describe logistics warehousing in the UK. In itself, this is not anything to cause undue anxiety – these…
Bridge Industrial has submitted plans for a last mile warehouse on a 2.86-acre site in Barking, East London. The 50,246ft2 warehouse, to be known as Bridge Point Barking, is on Alfreds Way fronting the A13. It will be available in Q4 2022. The facility will boast 12m eaves, a 50m yard, 6 dock and one…
UK-based electric van maker Arrival has secured a 198,750ft2 warehouse at Tritax Symmetry’s Central M40 Banbury scheme in Oxfordshire. Arrival has signed a 15-year lease to support its ongoing expansion plans in the region which has seen the company doubling its capacity within 18 months. Only in July last year did the manufacturer secure a…
Retailer M&S is rumoured to have taken developer Mountpark’s Bristol360 warehouse at Central Park, Bristol. The property built speculatively has 337,000ft2 of warehouse space as well as 22,250ft2 of office space. It boasts 15m eaves, 34 dock and 32 euro dock levellers as well as 3MvA of power. Designed to achieve BREEAM ‘Excellent’ certification with an EPC…
Furniture giant The Gallery Direct Group has secured a new northern depot at the OrionOne warehouse at Markham Vale near Chesterfield from Aver Property, a joint venture between Ergo Real Estate and NFU Mutual. This 224,000ft2 facility is located just off Junction 29A of the M1 Motorway and comprises 15m eaves, 21 dock level doors…
Bericote has pre-let its 450 unit thepowerhouse warehouse unit on the former Littlebrook power station site in Dartford to a well-known high quality retailer widely tipped to be Ikea. The unit which is being built through a joint venture with Tritax Big Box, boasts a 427,490ft2 warehouse with 22,510ft2 three storey office and welfare space….
US-based developer and investment manager Bridge Industrial has secured its fourth Greater London site in four months. The 2.6-acre site on Factory Lane, Croydon, has been acquired from a private investor and will be redeveloped to provide a speculatively built 62,000ft2 industrial/warehouse to serve the last-mile logistics sector. Planning for the scheme – to be…
Average land values across the UK jumped 40% year on year to July 2021 as demand for warehouse space goes unabated according to the latest research from Colliers. “We’re not seeing a situation of this magnitude anywhere else in Europe,” said Andrea Ferranti, Head of Industrial & Logistics Research at Colliers. “Sustained demand for logistics…
Real estate investor and developer Firethorn Trust has acquired a 37 acre site at Sherburn-in-Elmet, Leeds. The new site is part of a wider Sherburn2 scheme which spans across 75 acres and is owned by Glentrool Estates Group. Firethorn has now exchanged contracts with Glentrool, in a deal that will allow the delivery of up…
Q2 take up of UK industrial stock over 100,000ft2 has hit a new record for the sector with activity 39% up year on year and transactions totalling 16.1 million sq ft, according to the latest research from Colliers. In its latest Industrial & Logistics webinar, Colliers revealed that the sector’s total take up for the…
Mid-box industrial and warehouse developer Tungsten Properties has acquired a five-acre site near Southampton Airport from Ford Motor Company, with the forward funding from insurer NFU Mutual. The Former Ford Vehicle Refurbishment Centre at Wide Lane was acquired following Ford’s decision to vacate the premises due to structural changes in the business. A planning application…
Tulchan Developments is promoting Orchard Park – Eurocentral a 40-acre site that could accommodate up to 400,000 ft2 of build to suit space at Scotland’s Eurocentral scheme near Glasgow. Gavin Robertson of Tulchan said “Orchard Park will offer sites capable of accommodating units with generous yards and car parking from 42,500 ft2 up to 225,000…
Developer Verdion is set to speculatively develop 680,000 ft2 of new warehouse space at its 6 million ft2 iPort multimodal logistics hub in Doncaster, South Yorkshire. In partnership with investor Healthcare of Ontario Pension Plan, the pan-European logistics real estate specialist will deliver four buildings ranging from 116,000 ft2 to 260,000 ft2 by Q3 2022….
Food ingredient supplier and distributor Kent Foods has paid Barberry Industrial £9.4 million for a freehold warehouse in Daventry, Northamptonshire. It has bought the speculatively developed warehouse known as Barberry72 as its new Midlands regional distribution centre in order to facilitate its expansion. The 73,257 ft2 property has been developed on the 3.5-acre site of…
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…
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…
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…
Industrial developer Tritax Symmetry, has secured detailed planning permission for two warehouses totalling 320,000 sq ft at the 111-acre Symmetry Park Rugby scheme in the Midlands, which it will develop speculatively. The units measuring 186,000 sq ft and 134,000 sq ft will be built to net zero carbon in construction Joseph Skinner, Associate Development Director…
Stoford has agreed a deal with Royal London Asset Management to fund the delivery of the first unit of a £200 million logistics and manufacturing scheme near Redditch. The commercial property developer is constructing a new 366,000 sq ft warehouse building to the north of the 78-acre Redditch Gateway site, near Junction 3 of the…
Canmoor has submitted an application for 460,000 sq ft mid box warehouse scheme on a 25-acre site north-east of Manchester city centre. It intends to build 12 industrial units from 5,00 sq ft to 146,000 sq ft on the former Mather & Platt Foundry site off Grimshaw Lane in Newton Heath. The site is in…
Denholm UK Logistics has acquired a 79,263 sq ft warehouse facility in Knowsley. Located in Deacon Park, The Rack comprises 74,178 sq ft of warehousing space and with 5,085 sq ft of office space. Martin Hall, managing director of Denholm UK Logistics, added: “Purchase of the Knowsley warehouse forms part of Denholm UK Logistics’ recent…
Industrial property developer Prologis has acquired a 17-acre site in central Luton, which it intends to develop a 300,000 sq ft industrial logistics scheme. The site formerly owned by Vauxhall Motors and one other private commercial company was bought in a multi million pound deal agreed through Colliers. The multi-use site, where current tenants include…
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