Developer ProLogis says the European distribution property market is showing signs of improvement. It has just published a research report on the state of the industrial property markets in Europe, entitled “Glimmers of Recovery”
Browsing: Property
Poundworld has taken the 215,000 sq ft Axis 62 warehouase on Foxbridge Way, Normanton on a ten-year lease with a five-year optional break clause at a rent of £4.25 a sq ft
Gem Distribution has taken CBRE Investors’ 245,000 sq ft Fourteen:45 warehouse at Warth Park
Asda has leased a 263,000 sq ft warehouse next to one of its current distribution centres at Redhouse Interchange near Doncaster
TDG has invested more than £1 million in a cooling plant at its temperature controlled depot in Newport
Norbert Dentressangle has taken Legal & General’s 141,770 sq ft warehouse at Centurion Park, Tamworth on a ten-year lease at a rent of £4.75 per sq ft.
Build to suit warehouses accounted for 30 per cent of all take up in the second quarter of this year according to the latest Jones Lang LaSalle warehouse report.
Although grade A space is disappearing and fast there are still some cracking deals to be had, reports Liza Helps.
The Kent International Gateway, AXA REIM and DMI Properties’ 275 acre rail and road freight terminal scheme near Maidstone, which would have supplied Xm sq ft of warehousing space and generated an estimated 3,500 jobs, has been rejected at appeal.
Waste carpet recycler Green Recycling has taken a 50,000 sq ft warehouse at Colerne Industrial and Storage Park.
