SG Cuttings has taken Quorum’s 36,000 sq ft warehouse at the Europa Trading Estate in Kearsley, near Bolton, Lancashire on a 10 year lease at £3.
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Stoford has secured a £40million “quick turnaround” to develop more than 625,000 sq ft of warehousing and distribution facilities on 36 acres of prime land in the East Midlands and Yorkshire.
UK rents increased by 2.1 per cent in the year to March 2007, according to Jones Lang LaSalle’s latest 50 Centres Report.
Birmingham-based Coltham Developments has paid almost £10m to buy Britvic Soft Drinks’ warehouse complex at Tamworth’s Centurion Park which it intends to redevelop to provide a 288,000 sq ft distribution centre.
Wilson Bowden Developments has announced its plans for the development of a 115 acre site in Nottingham.
RGD Thomas, a private Swansea investor, has paid £4m to buy the 141,117 sq ft former Panasonic Unit at Baglan Moors, Port Talbot, South Wales.
Great Bear Distribution has pre-let a 473,689 sq ft warehouse in Desborough from Hampton Brook Developments and CJC.
Opus Land has started work on the refurbishment of the 360,000 sq ft former MFI factory site on Teesside.
Land prices for prime logistics development have shot up value over the last year, according to King Sturge, causing concern that rents will have to increase as well.
A shortage of space for medium sized operations in Avonmouth has meant that two out of the three units to be speculatively developed by developer St Modwen at its Access 18 scheme have already been let.
