Browsing: Property

Black Country Opus

Opus Land and Arlington Property Investors are set to increase the size of their Opus Nine development in the Black Country following the £2m plus acquisition of an adjacent 3.44ha (8.5-acre) plot owned by garden tool maker Spear & Jackson.

To the Zenith

Boultbee Group in association with Schroders, is opening of a 7,936 sq m (85,422 sq ft) speculatively built £22 million warehouse/industrial unit called Zenith 2, at Junction 6 Industrial Estate, Witton. wins £5.6m warehouse project is to project manage and act as quantity surveyors for a new 19,300 sq m (210,000 sq ft) warehouse and office complex on First Point, Burton-on-Trent, for Eden Park Developments. The scheme is due to be completed in June 2006.

Five year high for spec sheds

According to King Sturge’s latest UK Industrial and Distribution Floorspace Today survey, speculative development of industrial property in the UK is at its highest level for five years and large distribution facilities account for over 70 per cent of it.

Ikea rival plumps for Doncaster depot

Ilva, a Danish rival to Ikea, is opening a 60,385 sq m (650,000 sq ft) head office and warehouse depot to support its 20-store expansion in the UK.

Lane Group sale and leaseback

Lane Group, advised by Atisreal, has sold its distribution warehouse at Garanor Way, Royal Portbury Docks, Bristol to Westbury Property Fund for £3.95 million. It has leased back the 38,405 sq ft (3,568 sq m) property on a 20-year lease at a rent of £307,

Cash flows into warehousing

Investors have committed more than £40m to develop a 69,677 sq m (750,000 sq ft) warehouse in Doncaster, which has yet to secure an end user.

Dunelm takes Stoke warehouse

Soft furnishings retailer Dunelm has taken ProLogis’ 23,225 sq m (250,000 sq ft) speculatively built warehouse at its development in Stoke-on-Trent on a 10-year lease at a rent in the region of £42.52 per sq m (£3.95 per sq ft) with nine months rent-free.

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