It looks like occupiers are in for a shock; a combination of factors will see rents rise in the North West. Liza Helps reports.
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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.
Whirlpool UK has taken a 10 year lease on Magnitude the 22,899 sq m (246,485 sq ft ) warehouse built by The Meteor Industrial Partnership, a joint venture between Legal & General and Astral Developments in Aylesford, Kent.
In one of the biggest warehouse lettings in Andover in six years, kitchenware maker Le Creuset has taken 60,000 sq ft of distribution and office space within SSI Schaefer’s headquarters building on the Walworth Road Industrial Estate.
A speculative boom means occupiers are set to be spoilt for choice, however there is a sting in the tail. Liza Helps reports on the latest “gold rush”.
Earlier this year Gladman Developments acquired a 33.5 acre site at J4 M8 Distribution Park near Livingston and announced plans to build Scotland’s largest speculative distribution warehouse development.
A further 27 acres of the former Denby Hall Colliery site in Derbyshire is to be developed for warehousing.
A project manager is only going to ask for decisions to be made – so why bother? Liza Helps gets the answers….
Three retailers have put forward proposals for individual megasheds upwards of 650,000 sq ft each around the country as they put in place supply chain systems to deal with growing consumer demand.
Kaycee Estates, advised by Perland Properties, has acquired two newly completed 212,500 sq ft distribution warehouses at Max Park, Corby from Standard Life.
