A plethora of deals has left the M25 region with little to offer occupiers. Liza Helps takes a closer look.
Browsing: Property
Gazeley has agreed the purchase of a 21.26-acre site at Meir in Stoke-on-Trent from Johnson Matthey, a materials technology and chemicals company. Johnson Matthey was advised by CBRE. Gazeley was unrepresented.
Although both motorways cut across the country in a similar area that is all they have in common. Liza Helps investigates.
Savills has been appointed joint agent with Jones Lang LaSalle and Burbage Realty on Gazeley and Land Securities’ 3.4 million sq ft Magna Park in Milton Keynes.
Shepherd Developments in conjunction with the Abtech Group has completed five warehouse and distribution units ranging from 15,000 sq ft to 40,000 sq ft at Access 63 on the outskirts of Selby in Yorkshire.
The UK’s first two-storey warehouse, located at Heathrow, is complete. Developed by Brixton, X2 comprises 242,600 sq ft of warehousing and ancillary offices in eight units, configured for high-capacity throughput.
Standard Life and developer Canmoor have bought 5.2 acres of development land from drinks company Diageo in Park Royal for a high-quality industrial/warehouse scheme of two units totalling 150,000 sq ft, to be known as Thunder and Lightning.
Mercedes-Benz has secured a five-year lease at £4.50 per sq ft on Yorkstream Properties’ 105,000 sq ft MK1 warehouse on Denbigh Road, Bletchley, Milton Keynes.
Pallet Track has taken a five year lease, with the option of a further five years, on Titan 10, a new 267,290 sq ft warehouse on Millfields Road in Bilston.
Parcel delivery company City Link has taken a 10 year sub-lease on a 42,125 sq ft warehouse at Silverstone Drive, Gallagher Business Park in Coventry
