sbh.uk’s specialist warehouse and industrial rent review team has saved drinks giant Diageo more than £5m in rent over five years on a 350,000 sq ft former distribution centre.
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Brixton Estates has been on a buying spree. It has bought the British Airways Regional Cargo Building at Green Lane, Hounslow, and the Circle South Industrial Estate at Wharfside Way, Trafford Park, Manchester.
Four industrial agents are the lucky winners of a range of hi-tech prizes in a competition run by IM Properties as a marketing initiative for the Aspect Development at West Moor Park in Doncaster.
Slough Estates, new owner of Heywood Distribution Park near Manchester, is to build speculatively there.
One in eight US property investors plans to buy in the UK.
At 497,583 sq m in 17 units across Britain, the level of take-up in new units of 10,000 sq m and over in the first three months of 2006 reached the highest level recorded in the first quarter of any year over the past ten years, says King Sturge.
Gazeley and Land Securities joint venture partnership, has been granted planning consent for Nova MK – a £340 million logistics park in Milton Keynes. The 241 acre site will provide 3.4 million sq ft of new industrial and distribution accommodation.
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.
