P3 to develop huge Romanian logistics park
Warehouse investor-developer P3 Logistic Parks has acquired a 16-hectare site in Dragomiresti Vale, Bucharest which is to be developed into an 80,000 sq m logistics park known as P3 Bucharest NW Ring Road.
Warehouse investor-developer P3 Logistic Parks has acquired a 16-hectare site in Dragomiresti Vale, Bucharest which is to be developed into an 80,000 sq m logistics park known as P3 Bucharest NW Ring Road.
Icon Industrial has set out plans to build a 102,500 sq ft warehouse unit at its £100 million Manchester Airport site.
Average take-up of warehouse space has almost doubled over the past nine years to some 30 million sq ft – largely as a result of the growth in online retail, according to Savills.
Specialist outdoor equipment retailer Go Outdoors has signed a 5-year lease on a 353,000 sq ft distribution centre in Middlewich, Cheshire with Delin Capital Asset Management.
The two units comprising of 147,241 sq ft and 206,491 sq ft respectively, on a 19-acre plot at Suffolk Park, Bury St Edmunds are available for immediate occupation.
Architects Stephen George + Partners has completed a £15.75 million project for industrial property group, Goodman, which includes work on two Grade A warehouse units at Leicester Commercial Park, Lubbesthorpe.
Goodman has acquired a 10.3 acre logistics site at Bermuda Park, Nuneaton which will provide up to 230,000 sq ft of distribution warehouse space.
The Potter Group is to invest £25 million over the next five years and rebrand as Potter Space to reflect its business of owning, developing and operating commercial business parks across the UK.
DPD has been granted planning permission by Sandwell Council for a distribution centre on the Vaughan Trading Estate in Tipton.
It will take seven years to rebalance the physical and online retailing sectors across Europe, according to a study by property specialists Colliers.