Insight Investment Management (IIM) has agreed to buy Beaumont Industrial Estate in Banbury, advised by GVA Grimley. Comprising a 17.2 acre manufacturing and distribution facility, the accommodation extends to 42,746sq m.
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Property adviser DTZ has kick-started the marketing campaign of Electrolux’s former logistics and manufacturing plant with the launch of the 10,250sq m property in Wollersdorf, near Vienna, Austria.
Transport operator Simpson Bros has opened a new 3,720sq m distribution and warehousing centre on the Drum Industrial Estate, Birtley. The centre features a high bay warehouse and extensive trailer parking.
Pallet distribution network PalletFORCE has extended its central hub in Lichfield, Staffordshire, to meet its continued high level of growth.
Wickes Building Supplies has taken a ten-year lease – at a rent of about £7 per sq ft – on a 12,077sq m distribution warehouse on Maximate, Maxted Road, Hemel Hempstead, from the Co-Operative Insurance Society (CIS).
Equiton Industrial Partnership (EIP), the Limited Partnership joint venture between Brixton, the Equitable Life Assurance Society and Edger Investments (a wholly owned subsidiary of Prudential Assurance Company), has sold Units 9-13 Hambridge Lane, Newbur
Slough Estates has announced the first wave of lettings at its newly re-branded West London portfolio, ‘theLHR.com’. Six lettings have been completed totalling 2,511sq m of warehousing/manufacturing space.
Focus Logistics has selected Portsmouth for its new warehouse and distribution centre, which is one of the largest commercial lettings in the city for two years. Commercial property consultant Vail Williams and joint agent King Sturge have let unit 1 Inte
West Midlands-based developer Chase Midland is set to undertake one of the largest speculative industrial schemes to be started in the Coventry area within the foreseeable future.
Distribution companies are expected to flock to a new development on one of the South coast’s most prominent warehouse sites – Swift Distribution Park, which fronts the M27 and M271 at Nursling near Southampton.