Arlington Securities has paid £14m for a vacant shed in Burton-on-Trent as the appetite for investing in distribution property continues unabated.
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Developer Gazeley is set to build the Midlands’ biggest ever speculative warehouse.
Thysen Krupp Materials has taken 13,669 sq ft of warehouse and storage space at Denton Parkway Business Park at more than £6 psf for a seven-year lease.
Liza Helps investigates the resurgence of Manchester as a logistics hot spot for developers.
Construction company AJ Morrisroe has paid £1m for a 2.
Gazeley has announced that it will develop the world’s first carbon positive distribution warehouse at its Magna Park Milton Keynes scheme.
RREEF and developer Rosemound have secured planning consent for a 194,000 sq ft speculative development comprising 26 units that could generate 450 jobs in West Thurrock.
Handleman UK has taken Big Sam, Arlington and Barwood’s 274,700 sq ft cross-docked distribution centre at Wingates Industrial Estate in Bolton on a 10-year lease at an annual rent of £1.
Mountcity is speculatively developing a 205,000 sq ft warehouse at Ashroyds Business Park at junction 36 of the M1.
Property agent Lambert Smith Hampton is predicting rent rises in the logistics sector of up to 10 per cent in the coming year.
