Two former car manufacturing works in Coventry have been sold and are likely to provide a massive boost to the amount of warehousing space available in the region in the future.

MFI is rumoured to have struck a deal on the 750,000 sq ft cross-docked Nimbus building in Doncaster.

Bericote Properties has paid ProLogis about £30m for Bronze Age Park in Belvedere, Erith.

A 210,000 sq ft warehouse at Pioneer Business Park is to be built speculatively now that it has been forward sold for £11m to Macquarie Goodman.

Leading contractors and suppliers specialising in warehouse construction and fittings, have warned that inflation-busting rises in raw materials and utilities are forcing costs to rise well ahead of inflation.

A plethora of large second-hand sheds coming onto the market could be a occupier’s dream, and this is likely to be the more so following the Chancellor’s Budget in March.

What do Sainsbury’s, Vodafone, Kimberley-Clark, Sara Lee and the Red Cross all have in common?

Royal Mail has denied media speculation that up to 48,000 staff in its letters division could be made redundant.

www.logisticsmanager.com

Ian Veitch, chief executive of NYK Logistics in the UK, has become the first European in the NYK group’s 122 year history to take a place on its main group board.