Work has started on site for a new 150,000 sq ft speculative warehouse at Frontier Estates’ A1M1Link industrial and distribution park in Thrapston, Northamptonshire.
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Crosswater Holdings has taken units 1, 22, 23 and 24, totalling 64,914 sq ft at Legal & General and Space Property’s 178,824 sq ft Charles Park industrial scheme, Crossways Business Park, Dartford, Kent.
Massey Wilcox Transport has acquired its 180,000 distribution building at Avonmouth, Bristol, from Colesbourne Asset Management and an adjoining 3.5 acres from Bristol Port Company.
The expansion of the EU has brought new opportunities to northern Italy as the southern conduit between east and west. However, Italy”s neighbours to the east are providing stiff competition in terms of cost and are likely to continue to do so.
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.
Express operator GeoPost has taken a lease of a 40,650 sq ft unit at Tannochside Park, Uddingston on the M74 south-east of Glasgow from Keiller Edinburgh.
North Rae Sanders has been instructed to let a 34,076 sq ft warehouse at Progress Close on the well-established Binley Industrial Estate, Coventry.
Such is the lack of opportunity that developers are willing to fly in the face of public opinion to secure big shed space according to Liza Helps.
Occupiers love Manchester and developers who build in the North West are currently working flat out, says Charlie Jacoby.
Pent up demand in Scotland could drive rents up. Liza Helps analyses the prospects.
