Developer Wrenbridge is relying on a general shift in distribution activity in the West Midlands
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The former Littlewoods Shop Direct distribution depot in Martland Park, Wigan is up for sale through agents King Sturge.
King Sturge is marketing a 65,000 sq ft high bay warehouse at Shepsted, Leicestershire that boasts six loading doors and a 3,907 sq ft first-floor office complete with a feature reception area for £4.50per sq ft.
Property agent Lambert Smith Hampton is predicting rent rises in the logistics sector of up to 10 per cent in the coming year.
More than a quarter of all new distribution warehouse construction is taking place in just two markets – the East and West Midlands, according to research by ProLogis and King Sturge.
Wolseley has opened a 350,000 sq ft distribution centre in Leamington Spa comprising two buildings, linked by an enclosed bridge.
Eight developers battled it out to secure an 18.
Ravenbourne and Standard Life are hoping to cash in on the Olympics with the development of a third phase at Thames Gateway Park in Dagenham, Essex.
Food industry logistics specialist Atchison Topeka has agreed a 130,000 sq ft pre-let at Stoford Development’s 80-acre Stonebridge Cross in Droitwich Spa, Worcestershire.
Independent Papers, advised by Savills, has bought the 15,000 sq ft Unit C, Interlink Park, Bardon, Leicester from Wilson Bowden on a 15-year lease at a rent of £5.
