JF Finnegan has completed the final 100,000 sq ft phase of its 58-acre Sheffield Parkway Business Park
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Property investor Industrial Securities has announced it has some £200m to invest
SCA Recycling has taken the 125,000 sq ft former Dixons Mastercare warehouse
The overall level of available industrial floor space across Great Britain has increased by 5.4 per cent
Atlas Ward has started work on a new £13 million multi-temperature depot in Paddock Wood for foodservice distributor 3663 First for Foodservice, replacing three existing sites.
Indeed King Sturge’s latest Industrial Floorspace Report says: “The level of industrial development under construction on a speculative basis within Greater London has fallen. There is currently some 602,542 sq ft under construction across eight schemes;
The credit crunch has meant that the development pipeline for 2009 is virtually zero with static rents, rising construction costs, softening investment yields and a dearth of development funding all conspiring against developers.
According to Lambert Smith Hampton’s latest National Industrial & Distribution report, rents will drop dramatically by up to eight per cent this year and a further 3.8 per cent in 2010.
Developer Sterling Capitol has won planning permission to build two warehouses of 600,000 sq ft and 300,000 sq ft at its Capitol Park Goole development in Humberside.
Devon County Council has secured regeneration specialist St Modwen as the preferred joint venture partner for the development of Skypark to the north of Exeter airport.
