Real estate company Savills has predicted that the growth of semiconductor production in the EU could generate over 116 million ft² of demand for warehouses across Europe. The semiconductor industry has faced significant supply chain issues in recent years, as a result of the Covid-19 pandemic and geopolitical tensions. In response, the European Union, along with countries…
Kier Property has secured planning permission for a new warehouse to be developed on its site in Bracknell, Berkshire. The new 104,000ft² facility will take the place of a building that was demolished earlier this year on Kier Property’s 5.15-acre Bracknell site – acquired from Reliance Worldwide Corporation in July 2022. It will target BREEAM…
Commercial real estate firm Colliers has predicted that UK rental values ‘across the market’ will rise by 5% this year. This is in spite of a ‘slow-down’ of occupier take-up, highlighted this week by the news that Q2 2023 was the weakest quarter for logistics property take-up since 2017. Colliers says that, according to data from…
Owner, manager, and developer of logistics real estate Logicor has announced that it plans to redevelop one of its existing sites – a 38.5-acre plot of land in Daventry, Northamptonshire. The site, acquired in November 2021, was bought from a joint venture company managed and co-owned by Oxenwood Real Estate. The planned redevelopment will see…
According to real estate consultancy Knight Frank, around 404 million ft² of warehouse space in the UK could become unlettable by 2030 if not brought up to new sustainability standards. From 2027, renting out property with an EPC rating lower than ‘C’ will risk serious fines and in 2030, this minimum requirement will be raised…
Tritax Symmetry has announced plans to speculatively develop a new 500,000ft² facility at its Symmetry Park, Kettering in Northamptonshire. The new building, named Kettering 500, will be a cross dock logistics facility. It is set to be built to net zero carbon in construction and will target a minimum of BREEAM ‘Excellent’ certification and an…
Real estate investment fund manager Clarion has snapped up three distribution warehouses at Gorsey Point. Clarion Partners Europe has purchased a total of 708,000ft² of industrial space from Mirastar, KKR Real Estate Partners’ industrial and logistics platform. it is estimated that the company acquired the portfolio for circa £90 million. Gorsey Point, which is located…
Real estate developer Panattoni has started work on a new industrial scheme next to Brighton City Airport. It will be comprised of seven industrial and logistics units, which it says will range from 19,834 to 55,632ft². Panattoni acquired the 12-acre site upon which the scheme will be built in November 2022, announcing plans at the…
Food testing company FDL has taken a 77,000ft² prime logistics facility in Stafford, West Midlands. The company has agreed to a 15-year lease of Unit 1 of the site, located 1 mile from Junction 14 of the M6 motorway which provides connections to Manchester, the north, as well as Birmingham, and the M6 Toll to…
Im Beisein von Vertretern des Generalunternehmers Goldbeck Rhomberg und CBRE fand in der Vorwoche das Richtfest am „LCE Logistikcampus“ in Ebergassing statt. Die Bauarbeiten auf dem rund 140.000 m² großen Areal liegen im Zeitplan. In zwei Bauabschnitten entstehen insgesamt 13 Hallen mit einer Gesamtfläche von circa 82.000 m² inklusive Mezzanin-, Büro- und Sozialbereichen. Die Fertigstellung…
Die Vienna Airport City am Flughafen Wien hat zum vierten Mal in Folge den renommierten European Real Estate Brand Award in der Kategorie „Business Campus Austria 2023“ als stärkste Immobilienmarke Österreichs gewonnen. Mehr als 7.000 Branchenexperten haben im Rahmen einer Marken-Wert-Studie des REB-Institutes über 150 Unternehmen bewertet. „Der wiederholte Gewinn dieser renommierten Auszeichnung ist das…
Der Projektentwickler für Gewerbeimmobilien gewann für seine Niederlassung in Wien zwei neue Mitarbeitende: Seit Februar 2023 unterstützt der diplomierte Ingenieur Radek Ondráček das Panattoni Team am österreichischen Standort. In seiner Funktion als Senior Project Manager verantwortet er die bauliche Planung, Durchführung, Steuerung und Realisierung der zukünftigen Projekte von Panattoni in Österreich. Zu seinen vorangegangenen beruflichen Stationen…
DHL Express Finnland wird am Flughafen Helsinki-Vantaa ein Logistikzentrum für den internationalen Luftexpressverkehr errichten. Die Gesamtinvestitionen in die neuen Räumlichkeiten sowie die Technologie auf dem Aviapolis-Gelände belaufen sich auf rund 100 Millionen Euro für die gesamte Mietdauer. Sobald der Airside-Zugang in Betrieb ist, können die auf dem Vorfeld geparkten DHL-Flugzeuge direkt vom neuen Gebäude aus…
The last warehouses at Rotherhill Developments’ 250,000ft² plus Crosslink 646 scheme, in Leicester have been let. A 90,000ft² building was pre-let on a 15-year lease to EM Pharma while the 35,000ft² remaining unit has been let to Day Lewis. Both units have been developed to be certified BREEAM Very Good. The four-unit site, just south…
Groundworks have commenced at Opus Land and Fiera Real Estate’s 500,000ft² Opus 49 industrial and logistics scheme in Avonmouth in the Southwest. The 50-acre scheme consists of three units from 100,000 to 250,000ft² targeting BREEAM Excellent and EPC A ratings, which will be achieved through the incorporation of water-saving and renewable energy technologies, such as…
Savvy logistics occupiers across Europe and the UK are partnering landlords and developers to secure space in a highly supply constrained market. CBRE’s 2023 European Logistics Occupier Survey, in conjunction with Analytiqa, reports that 67% of its logistics occupier respondents across Europe are still planning to increase their real estate footprint despite challenging market conditions,…
Last mile real estate specialist Valor Real Estate Partners, has completed a 57,000ft² 15-year pre-let to Specialist Computer Centres at Oscar House in Birmingham, having acquired the urban logistics property in 2021. The property has undergone a significant refurbishment programme, which included a 6,000ft² extension and a number of sustainability initiatives that improved the building’s…
A report published by the British Property Federation (BPF) has identified an annual economic output of £137.5 billion generated by the UK commercial real estate market. This is equivalent to over 7% of the UK’s total gross value added (GVA). GVA from the commercial real estate sector increased by just over £30 billion (28%) from 2021…
Research commissioned by law firm Forsters has revealed that property investors and developers are predicting continued rental growth this year despite the economic conditions. Forsters’ report, ‘Outside the Box: Supporting an Industrial Evolution’, is based on a survey by FTI Consulting’s professional research team in the first quarter of 2023. 61 UK-based professional investors and…
The first warehouse unit at Verdant Regeneration’s 2.5 million ft² New Stanton Park in the East Midlands has been pre-sold to an as yet unnamed occupier. Developer Verdant Regeneration – a partnership between Ward Recycling and Trust Utilities – submitted detailed plans for the cross dock warehouse on Plot 1 of the 200-acre development to…
Ocado Retail, the joint venture with M&S, is to close its 1.2 million ft² customer fulfilment centre (CFC) in Hatfield to coincide with the opening of its new next generation CFC in Luton later this year. The Hatfield Customer Fulfilment Centre known as CFC1 is the oldest site in the Ocado network. It was acquired…
Property developer HBD has completed Power Park in Nottingham, providing 426,000ft² of sustainable industrial and logistics space on a 28-acre site formerly occupied by Imperial Tobacco. Construction on the seven units began in May 2022 following a £53.8m forward-funding deal with Oxenwood Logistics Fund 1 SLP, a discretionary fund managed by Oxenwood Real Estate. Each…
Panther Logistics has snapped up Logicor’s 224,465ft² Keypoint 224 warehouse in Swindon The home delivery specialist has taken a 10-year lease on the building due to expansion. Jack Garrett, Director of Asset Management at Logicor, says: “Panther Logistics joined us as a customer in 2014, taking one of our smaller multi-let industrial units at Crick…
Up to 24% of inner London commercial stock including warehouses could be made unlettable after energy efficiency regulation changes come into force this April. This is the stark warning given by BNP Paribas Real Estate after analysing inner London data from the government’s non-domestic EPC register in the light of the looming Minimum Energy Efficiency…
Greater Manchester Pension Fund has agreed to finance a 62,000ft² scheme being brought forward by developer Quorum in Altrincham. The scheme includes two units on an existing mixed-use site fronting George Richards Way on the Broadheath estate. Quorum originally bought the site from administrators and has achieved planning permission for a development of two detached…
Wilton Developments has achieved practical completion on its four-unit 168,000ft² scheme at Turbine Business Park, Sunderland which has been sold to Block Industrial. The units of 20,000ft², 29,000ft², 51,000ft² and 68,000ft² have been constructed to a BREEAM Very Good standard with an EPC A rating. CBRE acted on behalf of Wilton in the sale with…
Logistics real estate developer Panattoni has secured planning consent for a 417,570ft² speculative logistics development at Doncaster. Doncaster Council has approved Panattoni’s planning application for the facility, called Panattoni Doncaster 420, which will be one of the largest speculative logistics facilities across the Yorkshire region. Panattoni will shortly commence speculative development of Panattoni Doncaster 420,…
Frasers Property Industrial, Projektentwickler von Industrie- und Gewerbeimmobilien, hat das österreichische Portfolio „4Urban“ – bestehend aus vier Logistik- und Lagerobjekten – im Rahmen eines „share deals“ an BNP Paribas Real Estate Investment Management (REIM) verkauft. CBRE war als Makler an dieser Transaktion beteiligt, nach deren Abschluss BNP Paribas nun 100 Prozent der Anteile an den…
Trotz eines schwierigen Umfelds entwickelt sich der Spezialist für Full-Service-Leasing und nachhaltige Mobilitätslösungen deutlich stärker als der Markt. Im Vergleich zum Jahr 2021 hat Arval die weltweite Leasingflotte um 8,3 Prozent* auf insgesamt 1.592.024 Fahrzeuge erweitert. Mit Ende 2022 verfügt Arval über rund 300.000 elektrifizierte Flottenfahrzeuge; eine Vervierfachung im Vergleich zum Jahr 2019. Desweiteren baute…
Commercial real estate investor and developer Firethorn Trust, has broken ground at Barnsley340 – a 24-acre logistics development in Barnsley, South Yorkshire. The 340,300ft² logistics unit is being delivered by Glencar, and will be ready for occupation in Q3 2023. It is located within the established Gateway 36 development near Junction 36 of the M1…
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