Gallan Group has completed the first phase of its £20m Gallan Park mixed-use scheme on Watling Street, Cannock – a 70,000 sq ft industrial warehouse pre-let to Rhenus Logistics.
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According to Savills’ latest European Logistics survey rents have declined six per cent in prime properties and seven per cent in secondary warehouses year-on-year.
Swedish medi-tech company Sandvik has secured a 15-year multi-million pound deal for a 112,000 sq ft orthopaedic implant and instrument production and distribution facility at JF Finnegan’s Beighton Link Business Park in South Yorkshire.
The shortlist for the Industrial Agents Society Awards 2009 has been revealed.
Grayson Thermal Systems has taken on the remaining ten years of a lease on a 42,440 sq ft facility at Neo Park, Wharfdale Road, Tyseley, Birmingham.
Lightbody Group, a subsidiary of Finsbury Food Group, has taken the 71,700 sq ft Artemis building at Eurocentral in Lanarkshire.
Plans for a £48m business park in Lancashire comprising 680,000 sq ft of mixed-use employment space, including large industrial units of up to 400,000 sq ft, have been given the go-ahead by Burnley Council.
F&C REIT Asset Management, on behalf of IRP Property Investments has let the 27,764 sq ft Unit B warehouse at Hemel Gateway, Hemel Hempstead to Irish based photographic and medical diagnostic imaging company Photologic on a ten-year lease at a rent of £7.
Blackburns Metals has relocated its aluminium coil and plate processing business from its Tipton site to London and Cambridge Properties’ 38,669 sq ft warehouse at the Pensnett Estate in Kingswinford.
North Lanarkshire Council is considering the planning application for the Co-op’s 503,577 sq ft Scottish national distribution centre at ProLogis Park M8 Newhouse.
