According to King Sturge’s latest research the average size of big warehouses (over 100,000 sq ft) is getting bigger.
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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.
St Modwen is planning to build a 100,000 sq ft scheme capable of employing up to 250 people on a 4.
Royal London Asset Management is to speculatively develop an £8m 140,000 sq ft shed at Hellaby in South Yorkshire.
The 54,770 sq ft former Haldane Foods building, which includes various cold stores, at Interchange Park, Newport Pagnell is being offered freehold through Lambert Smith Hampton.
Wilson Bowden has started the speculative development of Phase II of its Gateway 28 scheme near Mansfield.
