Segro has secured its first customer at Segro Park Hayes. The pre-let triggers the speculative development of a modern industrial park totalling 239,665 sq. ft. Construction of the scheme is expected to start in Spring 2021, with SEGRO’s new customer taking a 97,600 sq. ft unit; the largest of four buildings to be delivered, which…
SEGRO has won planning permission for a to speculatively develop a 190,000 sq ft net zero logistics and industrial scheme in Tottenham. The application was approved by Haringey Council and the Greater London Authority this week. The scheme known as SEGRO Park Tottenham is designed to net zero energy standards for base build, with exemplary…
Developer investor SEGRO has started construction of its 5 million sq ft multi modal logistics hub SEGRO Logistics Park Northampton Gateway. Since Summer 2020, the developer has been conducting enabling works, which include ecology, archaeology and ground investigations to prepare the site – which is strategically located next to junction 15 on the M1 motorway…
The January 2021 issue of Logistics Manager Magazine is now available to read online! Cover Story; Delivering the Vaccine; Hope on the Horizon; Delivering a super-chilled vaccine for Covid-19 will test cool-chain integrity like never before…. SME Special; Materials Handling Equipment; Small movements, big ideas; How do SME’s benefit from investments in materials investments in materials…
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…
SEGRO has completed three new speculative warehouse developments, totalling some 50,000 sq ft, on the Slough Trading Estate. One unit of 8,901 sq ft is situated on 445 Malton Avenue and two further units are on Bedford Avenue, totalling 17,824 sq ft and 24,076 sq ft respectively. The three units have been developed to high…
Segro has completed the acquisition of Perth Trading Estate from UBS Management in an off-market transaction, in Slough. UBS said that the site, adjacent to the north-east side of the Slough Trading Estate, was sold for £32.5 million. Perth Trading Estate spans over six acres, providing 135,000 sq ft of warehouse and logistics space across…
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…
SEGRO has acquired the 13-acre Electra Park warehouse estate in Canning Town, London, from Schroders for £133 million. Electra Park provides 228,194 sq ft of lettable space across 10 units of which nine are already let, with the final unit currently under offer. Alan Holland, Business Unit Director for SEGRO’s Greater London portfolio, said: “Situated…
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…
SEGRO has completed the development of a new 177,500 sq ft warehouse distribution facility for Games Workshop at SEGRO Logistics Park East Midlands Gateway ahead of the planned schedule. Games Workshop, the British manufacturer of fantasy miniatures, signed a 15-year lease for the unit which will become the main distribution hub when it is operational…
International distribution and services company Bunzl has pre-let a 230,000 sq ft warehouse at SEGRO’s 70-acre SEGRO Park Kettering Gateway in the East Midlands. Bunzl Retail Division is establishing a new operation the site in order to continue to consolidate its warehouse footprint and improve the quality of its operations. The new warehouse will provide…
DHL has confirmed that it has pre-let SEGRO’s 694,608 sq ft mega shed at East Midlands Gateway. Logistics Manager reported that the developer had put forward proposals for the mega shed in April this year for an unnamed occupier on a 33.66 acre plot on the 6 million sq ft scheme in Leicestershire. DHL intends…
An urban warehouse estate in London has been sold to investor developer SEGRO for more than £200 million. SEGRO paid £202.5 million for the 34-acre Perivale Park estate, in West London, from Federated Homes. The estate provides 593,091 sq ft of lettable space across 23 units and has 8 acres of land which is currently…
On the surface, sheds seem to be thriving in the West Midlands, but if you dig a little deeper there are some structural challenges in pairing the right operator with the right space. Liza Helps reports. Availability rose by 61% across all size ranges in the West Midlands by the end of 2019 according to…
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…
Developers and investors are looking further east as pressure on land supply continues, but does it matter? Liza Helps reports. Take up of warehouse space in 2019 surpassed 5 million sq ft in the region, and almost 50% of the figure was Grade A space and there seems to be no let-up in terms of…
SEGRO has submitted plans for a 630,000 sq ft plus speculative warehouse on its 65-acre Kettering Gateway site, near Burton Latimer in the East Midlands. The site has outline permission for 1.2 million sq ft of industrial and logistics space which was granted in 2018. The developer is currently building a unit for BUNZL which…
Investors continue to seek out warehouse investments as a safe haven during the coronavirus pandemic. Urban Logistics REIT will pay out £56.1 million on nine distribution centres and a distribution depot development plot all sourced off-market during the coronavirus pandemic and has a further portfolio acquisition is in the final stages of negotiation that is…
SEGRO is optimistic to “weather the storm” until the COVID-19 crisis subsides, after it said that occupiers are still looking to expand to larger spaces once the pandemic is over. The warehousing giant said that rent roll growth tracking was ahead of expectations due to new letting and pre-lets, prior to the onset of the…
Damco has moved into a new 36,000 sq ft energy-efficient warehouse at London’s Heathrow Airport to its airfreight offering. The freight forwarder has also moved its airfreight operations into offices at the North Feltham trading estate, which is three miles from Heathrow’s cargo terminal, to support its customer base of UK retailers. The bonded facility…
From optimising labour, to delivering RoI and reducing environmental impact, automation has a lot to offer retailers, even if the sands are shifting to make the same arguments. Michelle Mooney investigates. Automation has always been a simple argument: optimising of repetitive and strenuous tasks which would otherwise require hours of manual labour from several employees….
Plans for a 755,820 sq ft mega shed at Gazeley’s Magna Park South scheme in Lutterworth have been given the go-ahead by Harborough Council. Harborough Council’s planning committee met to vote through the plans for the speculative warehouse last week. A council document released ahead of the decision said: “It is acknowledged that the proposed…
Civil engineering company Buckingham Group has secured a contract thought to be valued around £140 million to deliver SEGRO’s Gateway South, Coventry development in the West Midlands. The new contract is for the second phase of the major ‘Coventry Gateway’ scheme, where Buckingham Group is already the contractor for the Whitley South infrastructure that includes…
It seems that warehousing in the region can only go from strength to strength, reports Liza Helps, with take up in the East Midlands up to the end of September 2019 above its five-year average according to research by Cushman & Wakefield. Indeed, Robert Taylor, associate partner at DTRE, says: “In terms of numbers the…
SEGRO has exchanged contracts to sell a portfolio of UK big box warehouses totalling £241m to a fund advised by Morgan Stanley Real Estate Investing. The portfolio comprises of seven separate big box warehouses with a total floor space of 218,937 sq ft, and are located in Warth Park, Raunds; DIRFT, Daventry; Rye Park, Hoddesdon;…
Glenny LLP has been hired as joint agent on the SEGRO Park Rainham Phase 2, which is a 108,000 s ft speculative development of five units between 11,000 sq ft and 36,000 sq ft, in East London. After the success of the first phase which has seen 140,000 sq ft of space leased to occupiers…
Premium drinks brand wholesaler Chalié Richards & Company has signed a deal with SEGRO to double the size of its warehouse and distribution facility at SEGRO Metropolitan Park in Greenford, West London. The 319-year-old artisan wine and spirits wholesaler has agreed to a new lease, which will increase its footprint to more than 24,000 sq…
Games Workshop has secured a contract with SEGRO Logistics Park East Midlands Gateway to develop a 177,500 sq ft distribution hub. Games Workshop will join a range of occupiers already committed to the park, where SEGRO has already leased over a third of the 6m sq ft space, after completing deals with Amazon, XPO Logistics,…
While take up of space in terms of square footage transacted is up 15 per cent compared with the same period last year, the number of deals completed fell by 17 per cent and 33 per cent on an annual and quarterly basis respectively, indicating a degree of Brexit-related nervousness among many occupiers. Despite that…
End of content
End of content
