Land prices for prime logistics development have shot up value over the last year, according to King Sturge, causing concern that rents will have to increase as well.
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A shortage of space for medium sized operations in Avonmouth has meant that two out of the three units to be speculatively developed by developer St Modwen at its Access 18 scheme have already been let.
Sladen Estates aims to have its P150 warehouse at Road One on Winsford Industrial Estate in Cheshire ready for occupation by this Christmas.
Paper products manufacturing firm Sanita has taken an eight year lease on a 37,900 sq ft warehouse at St Modwen’s 230,000 sq ft Brockton Business Park, Telford, Shropshire.
RKW Foods has secured units 13 and 14 at Brixton’s Heathrow Estate, Silver Jubilee Way, Heathrow totalling 40,619 sq ft.
It certainly seems as if the North East could be the next big sheds location.
Kuehne + Nagel Drinks Logistics has opened a 168,700 sq ft regional distribution centre at Hams Hall.
SEGRO is expecting to break the £6 per sq ft rent barrier with the first speculative phase of its Meteor Park development in Aston, Birmingham.
Fresh fish and seafood product company Cumbrian Holdings has taken a 125,000 sq ft unit built by Grantside at Foxcover Industrial Estate at Seaham in County Durham at a rent of £4.75 per sq ft.
Express parcel deliveries, postal and courier company Geopost UK has taken a lease of a 40,650 sq ft unit at Tannochside Drive, Tannochside Park, Uddingston from Keiller Edinburgh.
