It looks like the amount of warehouse space available in the East Midlands has reached critical. Liza Helps reports.
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Retailers are flocking to the South West in search of large distribution facilities to serve the entire region.
Demand for industrial and logistics property in the Midlands outstripped all other regions in the UK during the first quarter of 2010, according to research by CBRE.
Developer Gazeley has sold 6.5 acres at its G.Park Bedford site for £410,000 an acre to baker Lantmannen which will be building a manufacturing and distribution facility for its Unibake bakers business
Pets At Home is thought to have taken the 303,300 sq ft warehouse known as the Big Swan in Northampton.
According to Bidwells latest Industrial Property research secondary rents in Northampton fell by 5.9 per cent from the end of 2009
Developer Gazeley has been granted detailed planning permission for a 462,00 sq ft single distribution unit at Meir Park in Stoke-on-Trent
Lambert Smith Hampton has been instructed to market PRUPIM’s 137,478 sq ft Strata distribution/warehouse facility in Doncaster, South Yorkshire
Clothing company Cult, part of SuperGroup, has taken more warehouse space at Croudace Properties’ Barnwood Point scheme in Gloucestershire.
Elliott TurboMachinery has taken a 60,000 sq ft warehouse and 8,000 sq ft of grade A office space at Easter Park in Aldermaston, Berkshire
