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.
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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.
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.
Gazeley and UK Coal developer Haworth Estates have submitted plans for an 850,000 sq ft sustainable logistics building near Ashby de la Zouche in Leicestershire, which could create up to 900 jobs.
Gladman Developments has won detailed planning permission and started on site with a speculative 200,000 sq ft industrial and distribution development on the A14 at Saxham, near Bury St Edmunds.
PRUPIM has forward funded 240,000 sq ft of new warehousing and distribution facilities at Capitol Park, Thorne, Doncaster to the tune of £12.5m.
DHL Exel has taken RREEF’s 305,000 sq ft warehouse in Harworth, South Doncaster.
