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James Timms Transport has taken a 62,500 sq ft distribution and storage building at St Modwen’s 24-acre Quedgeley East estate, Glouceste, on a three-year lease at rent of £124,000 a year.

Gladman Developments has completed the main phase of construction on two distribution warehouses of 140,000 sq ft (G-Space 140) and 58,000 sq ft (G-Space 60) on a 12.11-acre site at Saxham Business Park, near Bury St Edmunds, Suffolk.

Glass merchant and manufacturer Ultra Tough has taken a 15-year lease at a rent of over £600,000 a year, for 102,219 sq ft of space at Falcon Property Trust’s Capital Connect warehouse in Welham Green.

Companies are launching themselves into global sourcing on the hope of securing lower unit costs for manufactured goods without necessarily fully understanding the risks involved.