Leading contractors and suppliers specialising in warehouse construction and fittings, have warned that inflation-busting rises in raw materials and utilities are forcing costs to rise well ahead of inflation.
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BAA Lynton, on behalf of the Airport Property Partnership, the specialist airport property joint venture between BAA and Morley Fund Management, has started the speculative development of 63,000 sq ft of the 165,385 sq ft airport-related distribution ware
A 210,000 sq ft warehouse at Pioneer Business Park is to be built speculatively now that it has been forward sold for £11m to Macquarie Goodman.
Macquarie Goodman is developing a 23,600 sq m logistics and production facility for NYK Logistics in Torun, Poland.
Bericote Properties has paid ProLogis about £30m for Bronze Age Park in Belvedere, Erith.
Evans has signed two more deals at the Follingsby Park industrial scheme in Gateshead.
Leather goods supplier GH Stafford has paid £2.5 million for a 45,000 sq ft warehouse at St Modwen’s Walsall Enterprise Park near Birmingham.
Outline consent has been granted to PPG Land for a 135,000 sq ft warehouse at its 10 acre Point Five site at Walker Park in Blackburn, Lancashire.
Standard Life has submitted plans to rebuild the 142,000 sq ft former Iron Mountain warehouse, which was destroyed by fire at ProLogis Park Bow, London.
A vacant 150,000 sq ft distribution warehouse developed by St Modwen Properties and Prologis on Centre 38, Barton-under-Needwood, near Burton-on-Trent, has been sold for £9.5 million to investor Close Brothers.