Browsing: Property

The North-west is a diverse region and home to seven million people – almost one eighth of the total UK population – characterised by the two major cities of Liverpool and Manchester.

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.

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).

Delivery and collection business Target Worldwide Express is leasing a 2,794sq m unit on the Kites Croft industrial park at Southampton. Target is moving its parcels distribution business from premises in Winchester to the new facility.

Colliers CRE, acting for HM Prison Service has sold the 93,000sq m Branston distribution centre at Burton-upon-Trent to Astral Developments for £25.3M, reflecting a yield of 7.5%.

Yearsley Cold Storage and Distribution has started building its new depot in the North-east. Located at Seaham in County Durham, the depot will enhance the company’s national distribution network as well as form part of its strategy to build cold stores i