CMN Logistics has taken advantage of developer St Modwen’s offer of short-term leases at its 550,000 sq ft South Ockendon warehouse in Thurrock by snapping up 200,000 sq ft on a five-year lease.
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Fashion retailer New Look has taken Gladman Developments’ G-Space 300, a 300,000 sq ft distribution warehouse at Lymedale Business Park in Newcastle-under-Lyme.
The former 168,373 sq ft warehouse occupied by Workspace Office Solutions in Haverhill, Suffolk, is on the market with the owner willing to refurbish to meet individual occupier’s needs as part of any transaction.
Wrenbridge has completed the refurbishment of a 70,176 sq ft warehouse in Telford Shropshire known as Unit B Stafford Park 7.
Craigard Investments has sold the 370,000 sq ft former Eurospace furniture warehouse in Sherburn-in-Elmet, Yorkshire for £15m.
Developer Highcross has secured a 37-acre industrial site on the Old Dalby Trading Estate near Melton Mowbray for £14.
Kenmore has completed the refurbishment of a 180,000 sq ft warehouse at the 530,000 sq ft South Wales Distribution Centre at Kenfig.
A plethora of large second-hand sheds coming onto the market could be a occupier’s dream, and this is likely to be the more so following the Chancellor’s Budget in March.
Packaging and logistics company Benchmark Promotional Support Services has taken a 180,000 sq ft warehouse at MEPC’s Hillington Park, Glasgow on a ten year lease.
Leading contractors and suppliers specialising in warehouse construction and fittings, have warned that inflation-busting rises in raw materials and utilities are forcing costs to rise well ahead of inflation.
