The road infrastructure may still be poor, but low labour rates, along with its close proximity to western markets, makes the countries of Eastern Europe an attractive market, says Chris Lewis
Browsing: Property
Research by King Sturge indicated that there were 72 new speculative schemes over 100,000 sq immediately available or under constriction at the end of last year.
Construction company AJ Morrisroe has paid £1m for a 2.6-acre site Ampthill, Bedfordshire, which it will use for open storage.
Boughey Distribution has built the first of the three 100,000 sq ft warehouses at its main base near Nantwich in Cheshire.
Developers TRE (Belvedere) and DMI Properties are due to submit plans for a 230,000 sq ft warehouse scheme on a 13-acre site in Erith, Kent to be known as Alchemy Park.
Adidas is rumoured to have taken a 360,000 sq ft national distribution centre and headquarters in Trafford Park, Manchester.
Mountcity is speculatively developing a 205,000 sq ft warehouse at Ashroyds Business Park at Junction 36 of the M1 Motorway.
Ravenbourne and Standard Life are hoping to cash in on the Olympics with the development of a third phase at Thames Gateway Park in Dagenham, Essex.
Property agent Lambert Smith Hampton is predicting rent rises in the logistics sector by up to 10 per cent in the coming year.
Independent Papers, advised by Savills, has acquired Unit C, Interlink Park, Bardon, Leicester from Wilson Bowden.
