Wal-Mart has sold its UK-based property business, Gazeley, to Economic Zones World (EZW), part of Dubai World.
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St Modwen Developments has signed an agreement with Darlington Borough Council to open up 70 acres of land within the Faverdale Employment Area to create a £50 million major industrial park capable of providing 1,500 jobs.
Fashion retailer River Island has paid Gazeley and Land Securities in excess of £20m for the freehold of a 450,000 sq ft distribution centre at Magna Park, Milton Keynes.
Sladen Estates and Peveril Securities have announced plans to develop a new green shed at Brook Park in Mansfield.
Kuehne + Nagel has secured ProLogis’ Crossflow 540 warehouse at its ProLogis Park Wellingborough scheme at WEAST on a ten-year lease at a rent of around £4.50 per sq ft.
A new industrial park is set to give a new lease of life to one of South Yorkshire’s historic 19th century pit-sites.
When all is said and done, the West Midlands is still the best logistics location in the country and agents say there are plenty of enquiries for space in the region.
Lancashire-based strategic land company Ainscough-Johnston has acquired the 45-acre former Enersys site in Clifton, near Swinton in Salford.
Over recent years the A14 corridor, which snakes its way east from the heart of the golden triangle to the Port of Felixstowe, has grown in stature as the importance of the east coast ports themselves has
ProLogis has “no exposure to empty rates legislation at the present time”, Robert Watson, chief executive of ProLogis European Properties, has told the company’s annual meeting. “Demand in the UK has been driven by internet and conventional retailers
