With companies under pressure to cut costs and use existing facilities more efficiently, there is a renewed focus on making the most of warehouse space – particularly through the use of narrow aisle or very narrow aisle systems.
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The approach to transit packaging is changing like never before, with a number of factors, namely cost and environment, playing a major role in altering the face of the market.
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.
According to Jones Lang LaSalle’s latest Western Corridor Industrial/Warehouse Market Report there was a 2 per cent rise in rents seen in Park Royal and Greenford last year.
City Link has pre-let a new 38,000 sq ft distribution hub at Welsh Industrial Partnership’s £7.5m Olympus development on the Central Business Park on Swansea Vale on a 15-year lease.
Falcon Steel has acquired 200,966 sq ft industrial premises on the Westfield Industrial Park at Waunarlwydd in Swansea on a new 20-year lease.
Developers Chase Commercial and Hortons’ Developments have secured consent for a new 71,818 sq ft industrial warehouse on a four-acre site known as “Ashchurch 9” located next to the Ashchurch Parkway Railway station in Gloucester.
Warehouses in and around London Heathrow are still the most expensive in the world according to property consultant Cushman & Wakefield with rents averaging 185.03 Euros per sq m.
Bed maker and retailer Sleepmasters has secured Newbridge Capital’s 20,000 sq ft warehouse at Pen Y Fan Way, Oakdale in Caerphilly at a rent of £67,000 a year.
Shepherd Developments, in conjunction with the Abtech Group, has completed the development of Access 63 near Selby.
