City Link has pre-let a new 38,000 sq ft distribution hub at Welsh Industrial Partnership’s £7.5m Olympus development on the Central Business Park on Swansea Vale on a 15-year lease.
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Falcon Steel has acquired 200,966 sq ft industrial premises on the Westfield Industrial Park at Waunarlwydd in Swansea on a new 20-year lease.
Developers Chase Commercial and Hortons’ Developments have secured consent for a new 71,818 sq ft industrial warehouse on a four-acre site known as “Ashchurch 9” located next to the Ashchurch Parkway Railway station in Gloucester.
Warehouses in and around London Heathrow are still the most expensive in the world according to property consultant Cushman & Wakefield with rents averaging 185.03 Euros per sq m.
Bed maker and retailer Sleepmasters has secured Newbridge Capital’s 20,000 sq ft warehouse at Pen Y Fan Way, Oakdale in Caerphilly at a rent of £67,000 a year.
Shepherd Developments, in conjunction with the Abtech Group, has completed the development of Access 63 near Selby.
Book distributor Littlehampton Book Services has leased a 107,000 sq ft shed at St Modwen’s 630,000 sq ft industrial site in South Ockendon, Essex.
There are some desperate land lords and owners out there, but there are few clues to say who is holding the weakest hand. LIZA HELPS shuffles the cards.
Atisreal, in association with Logistics Manager, is undertaking a research study related to the town planning environment associated with Logistics and Distribution Property.
The development of environmentally friendly new buildings is set to decline because of the credit crunch, according to property consultant Sanderson Weatherall.
