Chelsea (General Partner), the joint venture company between Chancerygate and clients of Insight Investment, has sold the Union Quay warehouse on Clayton Road, Hayes in Middlesex to Property and Management Services for £6.756m.
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TDG has taken 22,110 sq m (238,000 sq ft) at the former Cummins Factory in Shotts, North Lanarkshire, in one of the biggest lettings in the region for five years.
Specialist insulation company Sheffield Insulations Group has chosen Eurocentral as the location for a new 6,679 sq m (71,900 sq ft) distribution facility.
Plans for a up to 41,805 sq m (450,000 sq ft) of industrial and distribution space at the 7.23ha (17.86 acre) plot on the 12.14ha (30 acre) former Cransley Iron Works outside Kettering in Northamptonshire have been lodged with the local planning authority
Several speculative developments in the Midlands are due for completion shortly giving occupiers even more choice.
Shepherd Developments and Eden Park Developments, have selected placed a contract with Clegg Construction to speculatively build a 3,800 sq m (41,000sq ft) industrial/warehouse building with 8m eaves.
Pavers Shoes, a York based family-owned business founded in 1971, is set to double in size thanks to the completion of a new £3.5m distribution centre in Upper Poppleton, near York.
ProLogis has signed new lease agreements totalling approximately 900,000 sq ft of space in the United Kingdom.
Structural steel costs are predicted to increase by around 8-10 per cent this year, which is likely to lead to an increase in rent levels for new buildings.
“We are a polluter,” said Ken Hall, vice president of Prologis told delegates. “We recognise that we have a responsibility.” Prologis along with other leading developers, has been developing more environmentally friendly warehouses.
