Prupim (Prudential Property Investment Managers) is set to announce the first tenant has taken a 100,000 sq ft warehouse at its Hub development in Birmingham.
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Scotland’s warehouse development is not limited solely to the area between Glasgow and Edinburgh.
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.
Current planning regulations are too complicated and do not reflect the increasing demands put upon businesses, according to interim findings of an independent review into the English land use planning system.
Rapid economic growth in Asia means that demand for warehouses is rising rapidly. Charlie Jacoby looks the development hot spots.
