Bericote is sinking £25 million in to the speculative development of a 450,000 sq ft cross-dock warehouse in Dartford, East London. The developer is currently constructing the unit, known as 450@thePowerhouse, on Plot 1 of the former Littlebrook power station site next door to where Amazon has pre-let a 2.3 million sq ft distribution centre….
Mid-box industrial and warehouse developer Tungsten Properties has received planning approval for ‘Super W’, a big box speculative industrial unit at the former Travis Perkins’ facility at Appleton Thorn Trading Estate in Warrington, Cheshire. The 244,000 sq ft building has been funded by British Airways Pension Trustees. It is being built on a 11.03-acre site…
L’Oreal has pre-let 900,000 sq ft of warehouse and Headquarters space -subject to planning permission – at Russell Group’s 1.5 million q ft H.Park scheme on land south of the Heywood Distribution Estate in Rochdale in the North West. The new distribution centre will provide 753,861sq ft of warehousing space with an internal mezzanine floor…
Parcel courier firm DPD has taken warehouse space at UK Land & Estate’s Team Valley Trading Estate in Gateshead, in the North East. The firm is moving into a 37,458 sq ft warehouse formerly occupied by WHSmith’s, which was being marketed by Knight Frank and Naylors Gavin Black. The property was built for WHSMith in…
Pets At Home’s £48m distribution centre in Stafford has secured the green light from planners. The 670,000 sq ft facility to be built on land north of Redhill Business Park secured approval last night in a virtual planning committee meeting. Land off the A34, north of Redhill Business Park has been earmarked for the scheme…
Such is the demand for logistics warehouse investments that yields sub 4% are commonplace and investors are finding that they cannot source product to buy. According to Savills latest Big Shed Briefing, investment volumes for distribution warehouses reached £4.7 billion in 2020, a 25% increase on 2019 figures and £500m higher than the previous watermark…
St. Modwen Industrial and Logistics has completed a deal to bring an international e-commerce provider to St. Modwen Park Tamworth, signing a 15-year agreement to occupy the 321,204 sq ft speculatively-built unit. The site is located near Junction 10 of the M42 and within 5 minutes of Birmingham Intermodal Freight Terminal, St. Modwen Park Tamworth. The…
Colliers International has advised Cabot Properties on the acquisition of Unit C, Logistics City, Basingstoke for £4,400,000 from Kier Property. The property comprises a brand new industrial unit of 22,886 sq ft, which is let to the leading furniture retailer DFS Trading Limited. Logistics City is located on Houndmills Industrial Estate, providing easy access to…
Jaguar Land Rover’s 2.94 million sq ft Global Parts Logistics Centre at Mercia Park located at Junction 11 of the M42 motorway in the East Midlands has secured funding to the tune of around £330 million. Global alternative asset manager Intermediate Capital Group is to fund the facility, which will service 80 countries and Jaguar…
IM Properties has won planning permission for a 1.1 million sq ft industrial and logistics scheme near Towcester in Northamptonshire, East Midlands. Permission was given at a virtual planning committee meeting by South Northamptonshire Council last week. The £100m development will create more than 1,500 jobs. The development envisages a number of units with a…
Going back to a post-Covid-19 economy isn’t going to happen soon, so businesses are adapting to new trading conditions. However, the speed of change is shaking up the property market and demand for big sheds. Liza Helps investigates. It has been a tumultuous year and what we envisioned only a short six months ago is…
Colliers, Lambert Smith Hampton and DTRE have been selected as joint agents for Canmoor Developments 300,000 sq ft plus Lowry Park scheme in Newton Heath, Manchester. The 14.08 acre site will be developed on a built-to-suit basis with the developer submitting a planning application for multi-let units totalling 300,000 sq ft, or alternatively the site…
Steelwork has been completed on a new speculatively built 125,000 sq ft distribution unit on the M1 corridor at Barnsley in South Yorkshire. Maple 125 is the latest scheme to be brought forward by Bramall Properties at Junction 36 of the M1 at Tankersley. The high-specification distribution unit is due to be completed in Q1…
Baker Warburtons has taken an 83,750 sq ft pre-let at British Airways Pension Fund (BAPF) and Tritax Symmetry’s 1.3 million sq ft Central M40 scheme in Banbury. The deal has been done on the back of a 15-year lease and is scheduled for completion in June next year. A spokesperson from Warburtons: “This high-quality facility…
DPD has snapped up M&G Real Estate’s prime last-mile logistics warehouse, Orbital 48, in Dartford, Kent. The parcel courier has taken a 10-year lease on the 47,888 sq ft new build distribution unit in Littlebrook, Dartford. Tim Harding, Associate Director at Colliers, said: “This deal demonstrates the continued robust demand for prime last-mile logistics space…
Coming into 2020 and the West London warehouse market could only be described as robust with more than 1.7 million sq ft of space snapped up in 2019, the highest level since 2014 and the second strongest year on record according to Gerald Eve’s Prime Logistics report. Then lockdown struck says Sarah Downes, director, Heathrow…
Mid Counties Co-op has secured a sale and leaseback with Goold Estates on its Masonary Trading Estate site in Walsall, West Midlands. The property was bought for an undisclosed sum in a competitive tendering process. The site consists of four industrial units, totaling 77,725 sq ft of space, and over 6,000 sq ft of offices….
A record number of deals for warehouses above 500,000 sq ft have already taken place this year as occupiers deal with unpredictable inventories and surges in e-commerce. According to the latest research by Colliers International, some 17 distribution warehouses in the 500,000 sq ft+ size band have been transacted so far this year. “Occupiers are…
Lockdown created seismic shifts in consumer behaviour, and the early evidence is that traditional buying patterns will not return. As a result, the demand for logistics space to serve an unsated appetite for e-commerce is high as market trends were accelerated. But are there enough big sheds to satisfy demand? Liza Helps investigates. At what…
Two speculatively developed units at Bridgwater Gateway have been let to AMS Nuclear Engineering, in a deal negotiated by Colliers International. Units 1604 and 1605 are among a terrace of five speculative Grade A units totalling 25,000 sq ft which have been built at the 120-acre business park near J24 of the M5. These units…
Colliers International has been appointed joint agent at Integra 61, the 205-acre industrial and logistics scheme in County Durham in the North East. Citrus Durham appointed the agency this week to join existing agent Avison Young. The agency team will jointly market the remaining 1 million sq ft of industrial/logistics space and circa 80,000 sq…
Logistics Manager understands that Amazon is to be the occupier behind a massive new warehouse under construction in Redditch, West Midlands. The 366,414 sq ft warehouse is being built by Stoford at its 78-acre Redditch Gateway scheme in the town. Known as Unit A Gorcott, the building will have 16.2m eaves as well as a…
GMI Construction Group is to start the construction of a 125,000 sq ft speculative warehouse in Barnsley, South Yorkshire after securing a £5.7 million mandate from Rula Developments. The development will be finished to a high specification and include 12m eaves, a 50m yard, 12 dock level loading doors, two ground level loading doors, 23…
Pets at Home is to open a 670,000 sq ft national storage and distribution centre in Redhill Business Park, Stafford. Earlier this month the retailer took on a further 141,000 sq ft warehouse at LondonMetric’s scheme in Stoke-on-Trent. Pets At Home signed a conditional agreement for a 20-year lease for a proposed 670,000 sq ft…
The East Midlands dominated take-up levels in 2019 according to property consultant Avison Young, accounting for 7.4 million sq ft of activity – nearly one third of the total take up of 22.1 million sq ft nationwide. And the first quarter of 2020 does not seem to have shaken confidence in the region with CBRE’s…
While urban logistics seems to be a firm favourite with investors it looks like the rest of the urban population regards industrial as a dirty word – Liza Helps reports. As online shopping continues increasing, more and more pressure is being heaped on urban logistics and in particular, last mile delivery. It is likely that…
Tungsten Properties has paid £7.5 million for a plot at Lyncastle Road, Appleton Thorn Trading Estate in Warrington from Travis Perkins in Warrington. Funded by British Airways Pension Trustees, the 11.03 acres site could accommodate a new logistics warehouse. A planning application is being prepared by Pegasus Group. Subject to planning, Tungsten Properties will redevelop…
Online craft beer company Flavourly has taken a 17,445 sq ft warehouse at Glasgow Airport Business Park for expansion. Flavourly said it had been extremely busy during lockdown as brewers seek alternative ways to secure sales with pubs and restaurants closed. The refurbished unit is owned by Squarestone Growth and was viewed remotely and let…
Amazon is believed to have taken Panattoni’s 500,000 sq ft plus speculative warehouse at Panattoni Park Nottingham in the East Midlands. The 551,031 sq ft cross dock unit on the 55-acre scheme sits on a self-contained 24-acre plot with direct access to the M1 motorway at junction 26 via the A610 dual carriageway. It has…
Tungsten Properties intends to redevelop a former B&Q retail warehouse site in Sheffield, South Yorkshire as a 170,000 sq ft industrial and logistics scheme. The developer bought the 11-acre site unconditionally for £5.5 million from New River Retail. Located on Greenland Road in Darnall, 2.5 miles east of Sheffield city centre and close to junction…
