Over the past few years insurance costs for commercial buildings have risen beyond inflation. High profile incidents such as the Buncefield fuel depot explosion in Hertfordshire in 2005, have continued to drive premiums higher.
Browsing: Property
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.
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.
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.
The 143,700 sq ft Big Blue Shed at Bellshill Industrial Estate in Lanarkshire is back on the market through King Sturge.
