IMI Components has signed a 25-year lease at a rental of £5.50 per sq ft on a new 8,370sq m unit at Birmingham’s The Hub. It is the first tenant to take space at the development. Work has started on the state-of-the-art manufacturing facility and I
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Family-owned kitchen and bathroom distributor Mark Two Distributors has taken on the newly refurbished 8,966sq m unit M1 on Moorfield Group’s Heywood Distribution Park in Greater Manchester as part of an on-going business expansion strategy.
AMEC Developments has recently received planning permission for four units to be built on the final phase at Valencia Park, part of the region’s prime distribution centre, Wakefield Europort. Totalling 6.743sq m (72,500sq ft) and starting on site this
Rosemound Developments, the specialist distribution developer half-owned by HBoS, is developing a 46,500sq m cross-docked warehouse at Corby in conjunction with Standard Life Investment.
European logistics property developer Gazeley has received
Brixton has completed seven new lettings at Trafford Park, Manchester totalling 2,380sq m following the acquisition of the property in March of this year. On average these lettings are 12% above the valuer’s ERVs at acquisition.
The first phase of ProLogis’ speculative warehouse development at the former Michelin Tyre factory at Campbell Road, Stoke-on-Trent is under way. The first unit, DC1, measures 23,250sq m and will be extendable to 46,500sq m.
The appetite for investment product in Edinburgh and Glasgow has remained ‘insatiable’ despite a severe lack of supply, according to property agent Knight Frank’s latest annual M8 Corridor Report. Both the Edinburgh and Glasgow investment markets
Acting on behalf of La’Pec Properties, Rogers Chapman has sold the freehold investment of 13-15 Willow Road, Poyle, near Heathrow, to a client of LaSalle Investment Management for more than £1.6M. The sale was on behalf of a private client.
Third-party logistics provider Exel has signed a Preferred Supplier Agreement with CB Richard Ellis for the provision of property services throughout Europe.
