Inward investment agency InStaffs has revealed that while the commercial property sector has been depressed, activity is still taking place in Stoke-on-Trent and Staffordshire
Browsing: Property
The Co-op is likely to face a bitter planning battle over a 500,000 sq ft warehouse at Goodman’s Andover airfield site.
Clothing retailer Next has taken PPG Land’s recently refurbished 94,686 sq ft Calver 9 facility just off Junction 9 of the M62 on a new 15-year lease without breaks at an initial rent of £3.85 per sq ft subject to a minimum fixed uplift at year five.
Safety and workplace equipment supplier, Greenham (a Bunzl Company), has taken two units totalling 246,731 sq ft on a new ten-year lease at Kenmore’s recently refurbished South Wales distribution centre on the Kenfig Industrial Estate, near Bridgend.
Peel, advised by Indigo Planning, has received the go-ahead from Salford Council for Port Salford, a £400 million multi-modal freight exchange for Greater Manchester.
Gazeley and architects Chetwoods have been awarded the Best Sustainable Development prize at the 2009 LEAF Awards for their speculative development at G.Park Blue Planet, Chatterley Valley.
Clothing wholesale company Boi Trading has paid in the region of £2m for Whitbread’s 120,000 sq ft former distribution facility at Ordsall Riverside, Salford, Manchester.
There is now some 106 million sq ft of available warehousing in the UK equating to 17.3 per cent of national stock.
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.
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.
