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.
Industrial Securities says it has some £200m to invest in industrial logistics properties and is looking for sites in the South East, North West and North East.
Data centre operator, Node4 has taken a 26,000 sq ft warehouse at Earnstone Development’s six-acre Normandy Park within Wakefield Europort.
Lambert Smith Hampton and the Royal Institution of Chartered Surveyors’ Empty Property Rates Survey points to empty rates liability as the biggest single factor in the demolition of industrial buildings at present.
Private healthcare provider Spire Healthcare is expanding its presence at AXA REIM’s Stonebridge Cross Business Park, Pointon Way, Droitwich, by taking a further industrial unit on the park in Worcestershire.
Recycling company SCA Recycling has taken the former Dixons Mastercare warehouse at Plot 8, Hounsdown Business Park in Totton, Southampton.
