A vacant 150,000 sq ft distribution warehouse developed by St Modwen Properties and Prologis on Centre 38, Barton-under-Needwood, near Burton-on-Trent, has been sold for £9.5 million to investor Close Brothers.
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The amount of available industrial floorspace in the UK is now at its highest since 1985 according to King Sturge’s latest Industrial Floorspace survey.
Pet product distributor Batleys is to open a 95,000 sq ft pet food warehouse at Gillingham, Kent.
Family run Children’s nursery supplier Kiddicare is moving its entire warehouse, distribution and retail outlet operations to a new £12 million site in the heart of Peterborough.
Scarborough Development Group and Shepherd Developments have completed the 163,000 sq ft final phase of their West Moor Park development near Doncaster, South Yorkshire.
ProLogis’ plans to build a 671,251.84 sq ft warehouse on its 42 acre New Greenham Park in Newbury have been vetoed by the council.
According to King Sturge’s latest research there is a growing demand for ever bigger warehouses due to growth in internet shopping.
The developer of Bronze Age Park, a 600,000 sq ft plus warehouse scheme in Belvedere, Erith, Kent, which was to be speculatively built, has sold it to another for around twice what it paid to secure the site in 2004.
Stoford Developments has bought a 10-acre site at Measham on Junction 11 of the M42 motorway from Leicestershire County Council
Stationery supplier Staples has taken a 245,000 sq ft new high bay warehouse situated adjacent to Watford Gap services in Northamptonshire.
