Hart Council has rejected plans by PruPim and Astral to build 1.25 million sq ft of distribution space at Pyestock, between Fleet and Farnborough. The development had been the subject of a much-publicised campaign
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A pre-let of 135,000 sq ft of industrial space has been agreed with seafood company Cumbrian Holdings at Foxcover Distribution Park in Seaham, County Durham.
St Modwen Developments has signed an agreement with Darlington Borough Council to open up 70 acres of land within the Faverdale Employment Area to create a £50 million major industrial park capable of providing 1,500 jobs.
Fashion retailer River Island has paid Gazeley and Land Securities in excess of £20m for the freehold of a 450,000 sq ft distribution centre at Magna Park, Milton Keynes.
According to property pundits across Europe, despite a more subdued level of activity around the world following the recent tangle in the finance markets, occupiers of warehousing are looking at increasing rent levels.
Sladen Estates and Peveril Securities have announced plans to develop a new green shed at Brook Park in Mansfield.
St Modwen Developments has signed an agreement with Darlington Borough Council to open up 70 acres of land
Kuehne + Nagel has secured ProLogis’ Crossflow 540 warehouse at its ProLogis Park Wellingborough scheme at WEAST on a 10 year lease at a rent of around £4.50 per sq ft.
Paperchase has taken Unit A at Frontier Estates’ A1M1Link scheme at Thrapston in Northamptonshire on a 10 year lease at £4.75 per sq ft.
After securing stationer John Dickinson for its Kingswarren Business Park near Newmarket Wrenbridge also bought the former John Dickinson site known as Sawston Business Park, which has existing use and could accommodate a 250,000 sq ft building.
