Craigard Investments is taking advantage of a lack of big shed space along the M3 Corridor and is speculatively refurbishing a 100,000 sq ft plus warehouse in Eastleigh, Southampton, which it will call Avalon.
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Wolseley has opened a 350,000 sq ft distribution centre in Leamington Spa comprising two buildings, linked by an enclosed bridge.
Developer Gazeley has struck a joint venture deal with UK Coal to develop a site in Leicestershire into a £60m distribution park.
Handleman UK has taken Big Sam, Arlington and Barwood’s 274,700 sq ft cross-docked distribution centre at Wingates Industrial Estate in Bolton on a 10-year lease at an annual rent of £1.17 million a year (£4.25 per sq ft).
Despite a long time in the planning and a negative lobby from residential neighbours planning permission has been granted for a 205,000 sq ft warehouse at Ashroyd Business Park in South Yorkshire.
There is a growing trend among developers to provide cross-docked facilities to the market not just on a design and build basis but speculatively.
Thales Properties has let its 35,230 sq ft light industrial warehouse known as Silver Key in Erith, Kent, to electrical equipment manufacturer WT Henleyon an 11 year lease at a rent of £245,000 a year.
Space Property and Legal & General have started work on a 178,140 sq ft scheme at Charles Park, the joint venture’s £30 million speculative industrial/ business development at Crossways Business Park, Dartford, Kent.
Developer Brixton has finally secured planning permission for the UK’s first multi-storey warehouse.
One in four Local Planning Authorities restrict the development of logistics property, according to new research published by NAI Fuller Peiser. This is despite the fact that logistics is one of the fastest growing sectors of the UK economy.
