With no speculative development in sight and a plethora of deals going down Liza Helps investigates how real the prospect is of a warehouse shortage.
Browsing: Property
Lightbody Group, a subsidiary of Finsbury Food Group, has taken the 71,700 sq ft Artemis building at Eurocentral in Lanarkshire on an initial five-year lease, with an option to extend for a further five years, at £5.25 per sq ft.
Clothing wholesale company Boi Trading has paid in the region of £2m for Whitbread’s 120,000 sq ft former distribution facility at Ordsall Riverside, Salford, Manchester.
3663 First For Foodservice has just completed an £18m a120,000 sq ft multi-temperature depot at Paddock Wood in Kent in just 41 weeks.
According to King Sturge’s latest Industrial and Distribution Floorspace Today report the average size of unit taken-up (in new units of 100,000 sq ft and over) was 216,774.39 sq ft.
MTM Transport has secured a 31,00 sq ft warehouse at developer St Modwen’s 31-acre Pegasus Business Park, at Hillington, Glasgow
Stobart, which bought Carlisle Airport earlier this year, is drawing up plans for a new 360,000 sq ft cross-dock facility,
Colliers CRE has been appointed as letting agent on two Scottish properties for logistics operator DHL and tyre and rubber giant Goodyear Dunlop.
Grayson Thermal Systems has taken on the remaining ten years of a lease from GEA Group on a 42,440 sq ft facility at Neo Park.
Developers have ceased new speculative development of large logistics warehouses
