With no speculative development on the horizon and a steady take up, pre-lets could be the only option for occupiers in the region. Liza Helps investigates.
Browsing: Property
Butcher’s Pet Care has pre-let a 260,000 sq ft headquarters, manufacturing and distribution facility on a design and build basis at developer Gazeley’s 95-acre G.Park Crick scheme in the Midlands.
Shears Bros Transport has expanded by taking a newly refurbished 54,350 sq ft high bay warehouse on Aviation Business Park at Bournemouth Airport.
Sainsbury’s has taken Legal & General Property’s 461,718 sq ft Bedford Connect warehouse in Marsh Leys Distribution Park, Bedford on a 20-year lease at £5.50 per sq ft.
Unidrug Distribution Group has taken Sladen Estates’ Point 28 development, a 173,000 sq ft warehouse in Sutton in Ashfield, Derbyshire at a rent of £4.75 per sq ft.
SS Logistic Services has snapped up Segro’s Unit M4 at Heywood Distribuiton Park.
Scottish Widows Investment Partnership Property Trust has paid £27.525 million for a 331,568 sq ft on a term expiring in 2023.
According to King Sturge’s latest Property Predictions there will be a shortage of warehouse stock in prime locations in the UK and eventually upwards pressure on rents during 2010.
Developer Gladman has secured outline planning permission for the UK’s largest distribution warehouse at its Vertical Point distribution park on the former Bevercotes Colliery in Nottinghamshire.
Modular Decanting Ward Solutions has taken Segro’s 63,000 sq ft Unit B11 warehouse at Heywood Distribution Park in Rochdale, Lancashire.
