Sainsbury’s has taken Legal & General Property’s 461,718 sq ft Bedford Connect warehouse in Marsh Leys Distribution Park, Bedford on a 20-year lease at £5.50 per sq ft.
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Unidrug Distribution Group has taken Sladen Estates’ Point 28 development, a 173,000 sq ft warehouse in Sutton in Ashfield, Derbyshire at a rent of £4.75 per sq ft.
SS Logistic Services has snapped up Segro’s Unit M4 at Heywood Distribuiton Park.
Scottish Widows Investment Partnership Property Trust has paid £27.525 million for a 331,568 sq ft on a term expiring in 2023.
According to King Sturge’s latest Property Predictions there will be a shortage of warehouse stock in prime locations in the UK and eventually upwards pressure on rents during 2010.
Developer Gladman has secured outline planning permission for the UK’s largest distribution warehouse at its Vertical Point distribution park on the former Bevercotes Colliery in Nottinghamshire.
Modular Decanting Ward Solutions has taken Segro’s 63,000 sq ft Unit B11 warehouse at Heywood Distribution Park in Rochdale, Lancashire.
Property developer Goodman has teamed up with Severnside Distribution Land to develop out an initial 85-acre distribution scheme that could total 1.6 million sq ft.
In the latest King Sturge Property Predictions, David Brooks of King Sturge said that there would be a rise in the number of demolitions of large industrial complexes.
Waste management company Biffa has taken a new, 237,000 sq ft warehouse at ProLogis’ 65-acre ProLogis Park Midpoint scheme in the West Midlands.
