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.
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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.
Property problems have been hitting the headlines recently with the scandal of the Members of Parliament who make outrageous claims for their second homes – such as moat-cleaning and payments for non-existing loans.
The contraction and reorganisation of third party logistics providers is flooding the market with second-hand space, particularly in the Midlands.
