Property agent Lambert Smith Hampton is predicting rent rises in the logistics sector by up to 10 per cent in the coming year.
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Independent Papers, advised by Savills, has acquired Unit C, Interlink Park, Bardon, Leicester from Wilson Bowden.
Developer Frontier Estates has paid £340,000 an acre for the final plot at Parlison Properties’ A1M1 Link scheme in Northampton.
Developer Rosemound has secured planning consent for a 194,000 sq ft scheme comprising 26 units ranging from 2,044 sq ft to 33,980 sq ft on the 9.6-acre former Truckworld site on Oliver Road, West Thurrock, Essex.
According to research by ProLogis and King Sturge more than 25 percent of all new distribution warehouse construction is occurring in just two key markets, the East and West Midlands.
Asda has submitted plans to build a 290 ft high wind turbine in the car park at its distribution depot at Foxbridge Way in Normanton, West Yorkshire, as part of its overall plans to power all of its distribution centres using renewable energy.
Northamptonshire has become so popular with warehouse developers and occupiers that land prices have been as high as £375,000 per acre according to Lambert Smith Hampton.
Woodward Foodservices has taken a 85,422 sq ft warehouse at Boultbee, Innovate and Schroders’ Zenith2 development in Deykin Avenue, Witton, Birmingham.
A 150,000 sq ft national distribution centre for NHS Scotland, which was taken on a 25-year lease with 15 year break option at Canderside Toll Larkhall at junction 8 of the M74, is nearing completion.
Gladman Developments has secured a site for a speculative 410,000 sq ft industrial and distribution development near Barnsley in South Yorkshire.
