Industrial news – Page 9
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NewsMoorfield and Peloton JV acquires £26m-worth of sites
A joint venture between Peloton Real Estate and Moorfield Group has acquired a four-asset open storage portfolio, as it eyes further growth.
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OnlineWorkspace sells £82m of non-core assets
Workspace Group has sold five non-core properties in the South East to Tudor Investment Holdings at a sharp discount to their book value.
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OnlineJaguar Land Rover agrees five-year lease renewal in Ellesmere Port
Car manufacturer Jaguar Land Rover has agreed a five-year lease renewal on its logistics warehouse in Ellesmere Port with Clearbell and Barwood.
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OnlineEconomic conditions stalls investment activity at Tritax Big Box REIT
Tritax Big Box REIT has told investors that economic and capital market uncertainty contributed to investment transactional activity remaining low during the first three months of the year.
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NewsMelburg delivers multiple leasings at Wakefield business park
Investor and developer Melburg Capital has completed a series of leasing deals at its 350,000 sq ft Sirdar Business Park, Wakefield, which was acquired off-market in the fourth quarter of 2021.
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NewsBloom gains planning consent for 52,000 sq ft Camberwell industrial site
Investor and developer Bloom, in a joint venture (JV) with funding partner Angelo Gordon, has secured planning consent for a 52,410 sq ft ultra-urban warehouse development in Camberwell, south London.
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NewsIFCO Systems takes 153,000 sq ft shed at Wakefield’s Prism Park
Investor BentallGreenOak and developer Equation Properties have agreed to pre-let a 153,323 sq ft shed to grocery supply chain specialist IFCO Systems UK at their Prism Park business park in Wakefield, Yorkshire.
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NewsCaddick Group posts 42% leap in profit
Yorkshire-headquartered Caddick Group has increased its profits by 41.8% and its turnover 28% compared to a year previous, after a record year of development, according to its annual results.
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NewsEvolving industrial and logistics sector finds reason for optimism
Nearly half of the developers and investors polled by law firm Forsters expect industrial and logistics (I&L) asset values and rents to increase in 2023, despite major market and policy pressures.
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NewsFour key takeaways from PW’s I&L Conference & Showcase
Growth prospects and rise of social and diversity factors were among the topics discussed at last week’s event.
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NewsLidl submits plans for new multi-million-pound distribution centre in Leeds
German discount retailer Lidl has submitted a planning application for a multi-million-pound distribution centre in Leeds.
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NewsNetwork Space lets second shed at Altrincham business park
Industrial warehouse developer, investor and manager Network Space has let a 28,700 sq ft unit at its Broadheath Network centre in Altricham, Greater Manchester, to XPand Logistics.
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OnlinePalace Capital eyes further sales after £34m disposal of industrial portfolio
Palace Capital has sold the majority of its industrial portfolio to Clearbell Capital in a £34m deal and said it has plans for further asset disposals.
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NewsHines acquires 378,000 sq ft hub in Warrington for £22.5m
Real estate investor, developer and property manager Hines has bought a 378,942 sq ft industrial hub in Warrington, Cheshire, from M&G Real Estate for £22.5m, according to market sources.
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NewsI&L Conference: Inclusion & diversity key for I&L success
Polly Troughton, managing director of St Modwen Logistics, highlighted diversity and inclusion as essential components for industrial businesses’ success at the Property Week Industrial & Logistics (I&L) Conference today.
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NewsI&L conference: social factors will be ‘standalone chapter’ in future developments
Developers have been warned to prepare for the social aspect of environmental, social and environment requirements, as the industrial & logistics (I&L) sector faces a ‘ticking time bomb’ on environmental changes.
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NewsIndustrial leads commercial property investment plunge
Investment in UK commercial property has dropped across all sectors during the last six months, with the industrial sector the hardest-hit asset class, according to debt advisory specialist Sirius Property Finance.
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NewsI&L Conference: Drive for density will dictate multi-level progress
Industrial and logistics experts speaking at Property’ Week’s I&L Conference & Showcase have predicted that multi-level developments similar to those common in Asia will soon be seen in the UK, but progress will be driven by lack of supply of traditional space and only when costs are less prohibitive.
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NewsDyson to invest £100m in Bristol tech centre
British technology and engineering company Dyson is believed to be planning to invest around £100m in a research and technology facility in Bristol.
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NewsI&L conference: I&L set to outperform forecasts
The industrial and logistics (I&L) sector is on course to outperform forecasts over the next year as the UK recovers from the economic downturn, experts speaking today at Property Week’s Industrial & Logistics Conference & Showcase said.
