Like the paparazzi surrounding celebrities, agents and developers are crowding round the warehouse market in the southern part of the M1. And like the paparazzi, they are creating problems for themselves.
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Key Property Investments, a joint venture between St Modwen Properties and Kuwait-based Salhia Real Estate, has let a 110,000 sq ft warehouse at Westinghouse Road, Trafford Park, to Malikson Warehousing on a ten-year lease.
The overflow of national occupiers from the Midlands, looking for available sites and workforces, means that locations such as Skelmersdale are mentioned freely and without the hint of a smirk in conversations that usually centre around Northampton.
Welsh first minister Rhodri Morgan has unveiled the new £11m railhead and warehouse at the Corus steelworks in Deeside.
The price of sheds today! Land prices in the prime market around Heathrow have soared. Price rises are demand driven: there isn’t enough land to build on. So at ProLogis we have started to look for a solution to this problem.
Corby is set to complete Phase III of Max Park later this month with a further two high bay warehouses each of 210,000sq ft.
Atlas Ward Structures is working on a distribution scheme in Kettering for main contractor Winvic Construction and pan-European developer ProLogis. The ultimate client is Bosch Siemens Homeware.
Eden Park Developments, part of the Fiducia Group, has received planning permission to create a £30M industrial and distribution park and business complex at Grange Park in Northampton in a joint venture with Shepherd Developments.
Matthews & Goodman is advising Pirelli on the sale of a site on Wrexham Industrial Estate.
Slough Estates is making headway in providing on-site amenities at Heywood Distribution Park in Greater Manchester. A 465sq m building, accommodating an Aleef Newsagents and convenience store, is almost complete and the Greggs Bakery is being fitted out.
