There is now some 106 million sq ft of available warehousing in the UK equating to 17.3 per cent of national stock.
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Plans for what will be one of the biggest port-related developments in the country – covering almost 1,500 acres on the south bank of the Humber – have been submitted to North Lincolnshire Council.
beelocal, an online enterprise that will enable independent shops and producers to sell their goods via the internet and offer customers a 24-hour delivery service, has taken part of a former carpet factory on Aynam Road in Kendal, on a three-year lease a
Stobart Rail has been shortlisted as one of three preferred bidders for a £25m contract to turn Carlisle Airport into a logistics hub for its sister company Stobart Logistics. The transformation includes the building of a 400,000 sq ft warehouse.
Gallan Group has completed the first phase of its £20m Gallan Park mixed-use scheme on Watling Street, Cannock – a 70,000 sq ft industrial warehouse pre-let to Rhenus Logistics.
According to Savills’ latest European Logistics survey rents have declined six per cent in prime properties and seven per cent in secondary warehouses year-on-year.
Swedish medi-tech company Sandvik has secured a 15-year multi-million pound deal for a 112,000 sq ft orthopaedic implant and instrument production and distribution facility at JF Finnegan’s Beighton Link Business Park in South Yorkshire.
Bicycle and car parts retailer Halfords is to take a new 320,000 sq ft purpose-built distribution centre in Keresley Park, Coventry as part of its reorganisation plans for the distribution network in 2010.
Property agents across the country are reporting an increase in the number of companies enquiring about space for logistics for the first time in a year.
Enquiries are on the up, but the thought that occupiers could turn and flee again must be too dreadful to bear, says LIZA HELPS.
