Mercedes-Benz has secured a five-year lease at £4.50 per sq ft on Yorkstream Properties’ 105,000 sq ft MK1 warehouse on Denbigh Road, Bletchley, Milton Keynes.
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Pallet Track has taken a five year lease, with the option of a further five years, on Titan 10, a new 267,290 sq ft warehouse on Millfields Road in Bilston.
Parcel delivery company City Link has taken a 10 year sub-lease on a 42,125 sq ft warehouse at Silverstone Drive, Gallagher Business Park in Coventry
Sheffield based timber merchant Arnold Laver has acquired CNC Investments’ 40,000 sq ft warehouse at 124 New Road, Rainham, Essex.
Grantham Book Services has moved its entire distribution and client services to a 350,000 sq ft distribution centre in Grantham previously occupied by TDG.
Sants Pharmaceutical Distributors, part of the Co-operative Group, has pre-let a 190,000 sq ft warehouse in Stoke on Trent.
Ceva has taken a ten-year lease on a purpose built 55,000 sq ft bonded warehouse, developed by IM Properties at its Birch Coppice scheme in the West Midlands.
The government’s decision to scrap rate relief on empty industrial property and phase out the Industrial Buildings Allowance is likely to be “damaging” to the logistics industry, according to UKWA chairman Derrick Potter.
Property and development investment company Barberry Group has bought two retail parks in Swansea, South Wales, from international asset management company Threadneedle for £10.3 million.
According to Colliers CRE’s Len Rosso industrial land prices will continue to fall this year.
