Several speculative developments in the Midlands are due for completion shortly giving occupiers even more choice.
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Shepherd Developments and Eden Park Developments, have selected placed a contract with Clegg Construction to speculatively build a 3,800 sq m (41,000sq ft) industrial/warehouse building with 8m eaves.
Pavers Shoes, a York based family-owned business founded in 1971, is set to double in size thanks to the completion of a new £3.5m distribution centre in Upper Poppleton, near York.
ProLogis has signed new lease agreements totalling approximately 900,000 sq ft of space in the United Kingdom.
Structural steel costs are predicted to increase by around 8-10 per cent this year, which is likely to lead to an increase in rent levels for new buildings.
“We are a polluter,” said Ken Hall, vice president of Prologis told delegates. “We recognise that we have a responsibility.” Prologis along with other leading developers, has been developing more environmentally friendly warehouses.
NAI Fuller Peiser and the Freight Transport Association’s latest research into the Road Transport Directive – the part of the Working Time Directive aimed specifically at the logistics sector – has revealed that its predictions last year are coming true.
“We are a polluter” said Ken Hall, vice president of Prologis, and “we recognise that we have a responsibility.”
ROK Developments has paid Arlington Securities more than £700,000 per ha (£283,000 an acre) for a 1.74ha (4.3acre) site at Gloucester Business Park.
Slough Estates has announced plans for a £20m speculative redevelopment of the 10.5 acre Nechells site close to Junction 6 of the M6 Motorway and the Heartlands Spine Road in the West Midlands.
