Despite its position on the periphery of Europe the UK is one of the largest logistics markets in Europe with some 150 million sq m of warehouse stock. Thanks to confidence by developers in the speculative building market, coupled with an appetite by reta
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Stoford Developments has bought a 10-acre site at Measham on junction 11 of the M42 motorway from Leicestershire County Council where it intends to build a 140,000 sq ft warehouse.
Liza Helps discovers that there is still a north-south divide for the suppliers of logistics property.
Wells & Young’s Brewing Company has opened a brand new £10m green distribution centre in Bedford a mere 22 weeks after construction began.
Developer Wilson Bowden has secured planning for a 12-acre speculative development totalling 111,000 sq ft, with a fourth unit of 70,000 sq ft available on a design-and-build basis at its £350m Kingsway development near Rochdale.
Stationery supplier Staples has taken a 245,000 sq ft warehouse situated adjacent to Watford Gap services in Northamptonshire.
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.
