According to Jones Lang LaSalle’s latest 50 Centres Report UK rents increased by 2.1 per cent in the year to March 2007.
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Work is now complete on the latest super shed to hit the North West, Unit 75 at Pochin’s Midpoint 18 in Middlewich, Cheshire.
The government is outline the methods it will use to crack down on those landlords/owners of empty warehouses who try to avoid paying rates claiming that the properties are uninhabitable in its consultation paper Modernising Empty Property Relief.
Opus Land has started work on a £2.3million refurbishment of the former MFI factory site on Teesside.
According to King Sturge’s latest research the average size of big warehouses (over 100,000 sq ft) is getting bigger.
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 £3.51 per sq ft.
Non food retailers and food retailers have taken up the most new shed space on the market, taking a floorspace share of 35.4 per cent and 33.3 per cent respectively according to King Sturge.
Wincanton has taken a three year lease on 8.82 acres of hard standing at Alconbury Airfield where it will store up to 1,8000 containers from Felixstowe for a major consumer goods retailer.
Lincolnshire County Council has submitted outline plans for a 45-acre storage and distribution park at Kirton near Boston.
Great Bear Distribution has pre-let a 473,689 sq ft warehouse in Desbrough from Hampton Brook Developments and CJC.
