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
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Several speculative developments in the Midlands are due for completion shortly giving occupiers even more choice.
“We are a polluter” said Ken Hall, vice president of Prologis, and “we recognise that we have a responsibility.”
Sbh.uk is to project manage and act as quantity surveyors for a new 19,300 sq m (210,000 sq ft) warehouse and office complex on First Point, Burton-on-Trent, for Eden Park Developments. The scheme is due to be completed in June 2006.
According to King Sturge’s latest UK Industrial and Distribution Floorspace Today survey, speculative development of industrial property in the UK is at its highest level for five years and large distribution facilities account for over 70 per cent of it.
Ilva, a Danish rival to Ikea, is opening a 60,385 sq m (650,000 sq ft) head office and warehouse depot to support its 20-store expansion in the UK.
Lane Group, advised by Atisreal, has sold its distribution warehouse at Garanor Way, Royal Portbury Docks, Bristol to Westbury Property Fund for £3.95 million. It has leased back the 38,405 sq ft (3,568 sq m) property on a 20-year lease at a rent of £307,
Bovis has secured planning permission for its 837 acre mixed use scheme at Stanton Cross in Wellingborough.
Investors have committed more than £40m to develop a 69,677 sq m (750,000 sq ft) warehouse in Doncaster, which has yet to secure an end user.
Soft furnishings retailer Dunelm has taken ProLogis’ 23,225 sq m (250,000 sq ft) speculatively built warehouse at its development in Stoke-on-Trent on a 10-year lease at a rent in the region of £42.52 per sq m (£3.95 per sq ft) with nine months rent-free.
