Browsing: Property

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.

Sports company MMA Sports has secured a 26,500 sq ft warehouse at Richard Hayward Properties’ 180,000 sq ft Fabian Park scheme in Swansea.

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.