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Land prices for prime logistics development have shot up value over the last year, according to King Sturge, causing concern that rents will have to increase as well.

A shortage of space for medium sized operations in Avonmouth has meant that two out of the three units to be speculatively developed by developer St Modwen at its Access 18 scheme have already been let.

Kuehne + Nagel saw sales rise 14.7 per cent to £4.03 billion (CHF10bn) for the first half of 2007 but EBITDA rose more slowly, 12.6 per cent, to £189 million (CHF468m).