Tools and fixings supplier Toolstation, has taken a 15 year lease on a 140,000 sq ft distribution complex at Quintain Estates’ Arrow Valley scheme in Redditch, Worcestershire.
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Food-packaging manufacturer Scholle Europe has taken REIT Asset Management’s 40,517 sq ft warehouse at the Follingsby Park warehousing development in Gateshead on a ten-year lease with a five-year break, at a rent equivalent to £209,230 per year.
PPG Land has secured two detailed planning consents on its Link 62 development near Wakefield, West Yorkshire.
The amount of new warehouses being speculatively developed in the UK has fallen by a whopping 43 per cent according to the latest King Sturge Industrial & Distribution Floorspace Today survey.
John Good Shipping has taken Units 3, 4 and 5 totalling 38,295 sq ft in Block D at Orwell Terminal on Walton Avenue, Felixstowe on a 15 year lease at a rent of £4.25 per sq ft from landlord RREEF advised by Atisreal.
Parcelforce Worldwide saw its operating profit double to £4 million, according to Royal Mail¹s results for the first half of the 2008/09 financial year. Sales grew by 5.7 per cent despite the tough market.
Sustainability was the hot topic at this year’s aptly titled IGD Convention, The World Turned Upside Down.
Business guru Sir Gerry Robinson is set to take part in a new Channel 4 documentary series, which will follow him as he tries to help some of Britain’s flagging businesses, including those in the freight, courier and removals area.
TDG chief executive David Garman is leaving following the takeover by LIT, the vehicle created by hedge fund Laxey Partners.
Wincanton has taken over ELI-Transport and ELI-Lagerhaus which are based in Koblenz in Germany
