It’s time to put speculative warehouse development back on the agenda, according to agents CB Richard Ellis.
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US clothing retailer Gap is set to take developer ProLogis’ DC4 warehouse totalling 230,347 sq ft at ProLogis Stafford in the West Midlands to service its soon to be launched e-commerce operation.
Euro Car Parts has taken a 256,000 sq ft D&B facility at IM Properties Birch Coppice on a 15-year lease with a break at ten years at a rent in there region of £5.50 per sq ft.
AF Blakemore & Son which has a contract with Spar, has secured a 17-year lease at USS Pension Fund’s 80,074 sq ft warehouse known as Unit 3, Premier Park.
Developer Gazeley has secured planning permission for two warehouses.
The amount of newly developed warehousing space built in 2009, was the lowest level in a decade, with just over six million sq ft completed according to Gerald Eve’s latest Prime Logistics Bulletin.
With three million sq ft let or under offer the question is are there enough sheds? Liza Helps investigates
Time is running out for occupiers to get a good deal north of the M25, says Lucy Tesseras
Business secretary Lord Mandelson has unveiled ambitious plans to make the West Midlands a leader in low carbon technologies which will have significant supply chain implications.
Cova Security Gates has taken Propinvest’s 22,000 sq ft warehouse Unit XC1 at Sussex Manor Business Park in Crawley on a 15 year lease.
