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A speculative boom means occupiers are set to be spoilt for choice, however there is a sting in the tail. Liza Helps reports on the latest “gold rush”.
In one of the biggest warehouse lettings in Andover in six years, kitchenware maker Le Creuset has taken 60,000 sq ft of distribution and office space within SSI Schaefer’s headquarters building on the Walworth Road Industrial Estate.
We’ve been looking at three sectors that keep the British economy ‘singing’ – Manufacturing (great past, uncertain future), Construction (building for the future) and Logistics (enabling both the others to function at all).
Prupim (Prudential Property Investment Managers) is set to announce the first tenant has taken a 100,000 sq ft warehouse at its Hub development in Birmingham.
Gazeley is to launch Felixstowe Portside – a “port-centric” logistics park development, supported by the Port of Felixstowe.
Ian Harbour has been appointed the new general manager of Culina’s Milton Keynes distribution centre. Harbour was promoted from supply chain development manager.
Development is underway again at Eurocentral, the giant distribution park that nestles conveniently between the M8 and the M74 on the eastern side of Glasgow.
St Modwen Properties has secured planning consent for 800,000 sq ft of warehousing at its 55-acre Access 18 scheme in Avonmouth, Bristol.
Catesby Property Group has recently acquired a five-acre site alongside the M6 and close to the centre of Birmingham on which it plans a £8 million distribution scheme. A detailed planning application for two 50,000 sq ft buildings has been submitted.
