After securing stationer John Dickinson for its Kingswarren Business Park near Newmarket Wrenbridge also bought the former John Dickinson site known as Sawston Business Park, which has existing use and could accommodate a 250,000 sq ft building.
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Hart Council has rejected plans by PruPim and Astral to build 1.25 million sq ft of distribution space at Pyestock, between Fleet and Farnborough.
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.
The 143,700 sq ft Big Blue Shed at Bellshill Industrial Estate in Lanarkshire is back on the market through King Sturge.
Developer PPG Land has completed the construction of two speculative warehouses at Point Five on Walker Park in Blackburn.
Amazon has opened its massive 800,000 sq ft distribution facility in Swansea
Gazeley is believed to be in the process of acquiring an11 acre site off Junction 3 of the M6 motorway in Nuneaton previously belonging to UPS.
The perception that there are a lot of big sheds and not much demand in the North West is, like most generalisations, not strictly true.
It’s as much an occupiers’ market as it has ever been,” says Richard Sullivan of Savills commenting on the increase in available warehouse space along the M4 corridor, particularly around Heathrow.
There is more available space than ever before standing at 230,457,680 sq ft as of December 2007, according to the latest statistics from King Sturge’s Industrial Floorspace Today survey.
