Developer ProLogis has racked up lettings on existing built space totalling more than one million sq ft across four schemes in the last two months.
Browsing: Property
With no speculative development in sight and a plethora of deals going down Liza Helps investigates how real the prospect is of a warehouse shortage.
The latest construction survey says the construction of factories and warehouses is expected to fall almost 60 per cent between 2007 and 2010.
Lightbody Group, a subsidiary of Finsbury Food Group, has taken the 71,700 sq ft Artemis building at Eurocentral in Lanarkshire on an initial five-year lease, with an option to extend for a further five years, at £5.25 per sq ft.
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.
3663 First For Foodservice has just completed an £18m a120,000 sq ft multi-temperature depot at Paddock Wood in Kent in just 41 weeks.
According to King Sturge’s latest Industrial and Distribution Floorspace Today report the average size of unit taken-up (in new units of 100,000 sq ft and over) was 216,774.39 sq ft.
MTM Transport has secured a 31,00 sq ft warehouse at developer St Modwen’s 31-acre Pegasus Business Park, at Hillington, Glasgow
Stobart, which bought Carlisle Airport earlier this year, is drawing up plans for a new 360,000 sq ft cross-dock facility,
Colliers CRE has been appointed as letting agent on two Scottish properties for logistics operator DHL and tyre and rubber giant Goodyear Dunlop.
