According to Lambert Smith Hampton’s latest National Industrial & Distribution report, rents will drop dramatically by up to eight per cent this year and a further 3.8 per cent in 2010.
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Developer Sterling Capitol has won planning permission to build two warehouses of 600,000 sq ft and 300,000 sq ft at its Capitol Park Goole development in Humberside.
Devon County Council has secured regeneration specialist St Modwen as the preferred joint venture partner for the development of Skypark to the north of Exeter airport.
Sports company MMA Sports has secured a 26,500 sq ft warehouse at Richard Hayward Properties’ 180,000 sq ft Fabian Park scheme in Swansea.
Indeed King Sturge’s latest Industrial Floorspace Report says: “The level of industrial development under construction on a speculative basis within Greater London has fallen. There is currently some 602,542 sq ft under construction across eight schemes;
The credit crunch has meant that the development pipeline for 2009 is virtually zero with static rents, rising construction costs, softening investment yields and a dearth of development funding all conspiring against developers.
Much has changed since the days when logistics was a matter of loading and driving a truck. Technology advancement has spurred the sector on to the point where it now – along with supply chain management – has become the backbone that supports today’s glo
I was recently fortunate enough to be invited to Downing Street for a reception on apprenticeships. It was an event attended by the prime minister and a number of other ministers (what is the collective noun for government ministers?).
Parcelforce Worldwide has teamed up with the Royal Botanic Gardens, Kew and the Wellcome Trust to deliver treasure chests full of activities and science experiments to more than 23,000 state primary schools across the UK as
It is becoming clear that the industry is starting to come to terms with the changing market conditions and companies are adjusting their strategies to match.
