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.
Browsing: Property
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.
Fashion retailer H&M, Hennes & Mauritz, has leased Brixton’s 86,182 sq ft Unit 1 at Greenford Park in West London.
Gazeley has agreed to buy a 21.26 acre site in Meir, Stoke-on-Trent from advanced materials technology and chemicals company Johnson Matthey.
A 70,000 sq ft centre being built by NHS Supply Chain could provide up to 100 jobs in Rugby when it opens at Valley Park in July.
Dee Set Logistics has paid Legal & General £4.5 million for the 167,513 sq ft former Royal Doulton warehouse in Stoke on Trent.
Pochin Contractors has completed its £10m 226,000 sq ft project at Buckshaw Link, in Chorley, Lancashire on behalf of Helios Group.
Shepherd Developments and Abtech Group have completed 5 warehouse and distribution units ranging in size from 15,000 sq ft to 40,000 sq ft at Access 63 on the outskirts of Selby.
Warburtons has started operations at its new distribution depot at Eurocentral business park in Lanarkshire, Scotland.
