Fashion retailer River Island has confirmed it will proceed with developing a new 480,000 sq ft national distribution building at Magna Park, Milton Keynes.
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Receivers Clive Conyers and Peter Chapman have appointed Jones Lang LaSalle as joint agents along with M3 and Lambert Smith Hampton on M1stral 260, a new 260,000 sq ft industrial and distribution building in Hemel Hempstead.
According to Savills’ latest Euopean Logistics survey rents have declined six per cent in prime properties and seven per cent in secondary warehouses year on year.
Bed specialist Dreams is to move into a 51,252 sq ft warehouse on the Woods Bank Estate in Wednesbury in September.
US Nutrition, a manufacturer of sports nutrition brands and diet products, has taken a 67,000 sq ft warehouse at St Modwen’s Stretton Business Park near Burton on Trent on a 15-year lease at £5.40 per sq ft.
Bicycle and car parts retailer Halfords is negotiating a new 320,000 sq ft distribution centre in Coventry which could provide around 200 jobs.
Parcel delivery company City Link has taken ProLogis’ 75,310 sq ft DC3 warehouse at ProLogis Park Heathrow in West London.
Recycling company SCA Recycling has taken the former Dixons Mastercare warehouse at Plot 8, Hounsdown Business Park in Totton, Southampton.
An influx of second-hand space has put the squeeze on developers and landlords of distribution space throughout the west midlands, says Liza Helps
After six months of silence from the 3PL corner, the property market is starting to see a faint but encoiraging flutter of interest around the M1/A1 corridors. Jessica Davies reports.
