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.

Devon County Council has secured regeneration specialist St Modwen as the preferred joint venture partner for the development of Skypark to the north of Exeter airport.

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.