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.
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“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.
“We are a polluter” said Ken Hall, vice president of Prologis, and “we recognise that we have a responsibility.”
Universal Consolidated Group has just completed a million pound refurbishment of the 7,4000 sq m (80,000 sq ft) warehouse building, at Nursling near Southampton.
The largest speculative high bay warehouse facility developed in Trafford Park in recent years is now completed and ready for occupation.
ROK Developments has paid Arlington Securities more than £700,000 per ha (£283,000 an acre) for a 1.74ha (4.3acre) site at Gloucester Business Park.
Slough Estates has announced plans for a £20m speculative redevelopment of the 10.5 acre Nechells site close to Junction 6 of the M6 Motorway and the Heartlands Spine Road in the West Midlands.
New industrial development appears to be restrained despite exceptionally good economic conditions.
A planning application for a £140m warehouse and distribution park in Peterborough has been submitted by Gateway Partnership, a joint venture between Frenbury Properties and Simons Developments in partnership with Milton (Peterborough) Estate
Tesco and Sainsbury’s have secured major distribution warehouses in Scotland this month. Sainsbury’s finally got planning permission from Strathclyde Council for a 18,850 sq m (200,000 sq ft) plus shed and Tesco plumped for a massive new
