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).
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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.
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.
Direct UK has expanded its operation at Heywood Distribution Park.
Chartered surveyor Sanderson Weatherall has increased its presence in the industrial property market with the appointment of Jonathan Simpson to its office on Teesside and Andrew Carphin to its Newcastle office.
Bedford-based independent brewer Charles Wells has selected Gazeley’s G.Park Bedford as the location of its new national distribution hub.
It looks like occupiers are in for a shock; a combination of factors will see rents rise in the North West. Liza Helps reports.
Available industrial floorspace rose by 4.3 per cent between December 2005 and June 2006, according to King Sturge ‘s latest UK Industrial & Distribution Floorspace report.
Charlie Jacoby heads west down the M4 but he reckons that the fabulous rents around the airport make Heathrow a contender for top warehouse location.
