Receivers Clive Conyers and Peter Chapman have appointed Jones Lang LaSalle as joint agents along with M3 and Lambert Smith Hampton on M1stral 260, a new 260,000 sq ft industrial and distribution building in Hemel Hempstead.
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According to Savills’ latest Euopean Logistics survey rents have declined six per cent in prime properties and seven per cent in secondary warehouses year on year.
Bed specialist Dreams is to move into a 51,252 sq ft warehouse on the Woods Bank Estate in Wednesbury in September.
US Nutrition, a manufacturer of sports nutrition brands and diet products, has taken a 67,000 sq ft warehouse at St Modwen’s Stretton Business Park near Burton on Trent on a 15-year lease at £5.40 per sq ft.
Bicycle and car parts retailer Halfords is negotiating a new 320,000 sq ft distribution centre in Coventry which could provide around 200 jobs.
Parcel delivery company City Link has taken ProLogis’ 75,310 sq ft DC3 warehouse at ProLogis Park Heathrow in West London.
Property problems have been hitting the headlines recently with the scandal of the Members of Parliament who make outrageous claims for their second homes – such as moat-cleaning and payments for non-existing loans.
The contraction and reorganisation of third party logistics providers is flooding the market with second-hand space, particularly in the Midlands.
Industrial Securities says it has some £200m to invest in industrial logistics properties and is looking for sites in the South East, North West and North East.
Data centre operator, Node4 has taken a 26,000 sq ft warehouse at Earnstone Development’s six-acre Normandy Park within Wakefield Europort.
