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.
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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.
Property developer Gazeley has bought a major new development site in Sheffield. The site was purchased from Corus and Outokumpo Stainless, which retains ownership of the adjacent site.
NYK Logistics (UK) Consumer & Retail, formerly New Wave Logistics, has invested in a new warehouse at Avonmouth. The £170,000 project provides the company, which is part of the NYK Logistics group, with 5,110sq m of storage space, including 465sq m of rac
Asda Property and Cirrus Property have announced the latest letting at Harbourgate Business Park in Portsmouth. Space Maker Self Storage is leasing Unit 2 at a rental of £7.50 per sq ft for a 12-year term for 2,201 sq m.
Brixton has sold 50% of its interest in two major Heathrow estates to Prudential Life Assurance for £108.9M. The two holdings concerned areAxis Park at Langley and Heathrow Corporate Park (HCP).
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.
high-labour use classes, i.e. manufacturing. But, where we are most active in the Midlands and the South-east, unemployment is already low.
European logistics property developer Gazeley is building the largest speculatively developed high-bay distribution warehouse in the South-east having obtained planning consent.
