Space Property and Legal & General have started work on a 178,140 sq ft scheme at Charles Park, the joint venture’s £30 million speculative industrial/ business development at Crossways Business Park, Dartford, Kent.
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Developer Brixton has finally secured planning permission for the UK’s first multi-storey warehouse.
One in four Local Planning Authorities restrict the development of logistics property, according to new research published by NAI Fuller Peiser. This is despite the fact that logistics is one of the fastest growing sectors of the UK economy.
Whirlpool UK has taken a 10 year lease on Magnitude the 22,899 sq m (246,485 sq ft ) warehouse built by The Meteor Industrial Partnership, a joint venture between Legal & General and Astral Developments in Aylesford, Kent.
Catesby Property Group has recently acquired a five-acre site alongside the M6 and close to the centre of Birmingham on which it plans a £8 million distribution scheme. A detailed planning application for two 50,000 sq ft buildings has been submitted.
Development is underway again at Eurocentral, the giant distribution park that nestles conveniently between the M8 and the M74 on the eastern side of Glasgow.
Gazeley is to launch Felixstowe Portside – a “port-centric” logistics park development, supported by the Port of Felixstowe.
Prupim (Prudential Property Investment Managers) is set to announce the first tenant has taken a 100,000 sq ft warehouse at its Hub development in Birmingham.
Scotland’s warehouse development is not limited solely to the area between Glasgow and Edinburgh.
In one of the biggest warehouse lettings in Andover in six years, kitchenware maker Le Creuset has taken 60,000 sq ft of distribution and office space within SSI Schaefer’s headquarters building on the Walworth Road Industrial Estate.
