A plethora of deals has left the M25 region with little to offer occupiers. Liza Helps takes a closer look.
Browsing: Property
Gazeley has agreed the purchase of a 21.26-acre site at Meir in Stoke-on-Trent from Johnson Matthey, a materials technology and chemicals company. Johnson Matthey was advised by CBRE. Gazeley was unrepresented.
Although both motorways cut across the country in a similar area that is all they have in common. Liza Helps investigates.
Savills has been appointed joint agent with Jones Lang LaSalle and Burbage Realty on Gazeley and Land Securities’ 3.4 million sq ft Magna Park in Milton Keynes.
Standard Life and developer Canmoor have bought 5.2 acres of development land from drinks company Diageo in Park Royal for a high-quality industrial/warehouse scheme of two units totalling 150,000 sq ft, to be known as Thunder and Lightning.
Mercedes-Benz has secured a five-year lease at £4.50 per sq ft on Yorkstream Properties’ 105,000 sq ft MK1 warehouse on Denbigh Road, Bletchley, Milton Keynes.
Pallet Track has taken a five year lease, with the option of a further five years, on Titan 10, a new 267,290 sq ft warehouse on Millfields Road in Bilston.
Parcel delivery company City Link has taken a 10 year sub-lease on a 42,125 sq ft warehouse at Silverstone Drive, Gallagher Business Park in Coventry
Sheffield based timber merchant Arnold Laver has acquired CNC Investments’ 40,000 sq ft warehouse at 124 New Road, Rainham, Essex.
Grantham Book Services has moved its entire distribution and client services to a 350,000 sq ft distribution centre in Grantham previously occupied by TDG.
