Boots the Chemist has bought Opus Land’s 462,663 sq ft Opus Axis warehouse in Burton upon Trent at a figure believed to be in the region of £50 per sq ft.
Browsing: Property
This time last year there was nothing happening at all, according Roger Haworth of M3. The good news is that…
With no speculative development on the horizon and a steady take up, pre-lets could be the only option for occupiers in the region. Liza Helps investigates.
Butcher’s Pet Care has pre-let a 260,000 sq ft headquarters, manufacturing and distribution facility on a design and build basis at developer Gazeley’s 95-acre G.Park Crick scheme in the Midlands.
Shears Bros Transport has expanded by taking a newly refurbished 54,350 sq ft high bay warehouse on Aviation Business Park at Bournemouth Airport.
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.
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.
