Industrial news – Page 2
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NewsWest London Pasadena Distribution Centre let to Panalux
Royal London Asset Management Property has let Pasadena Distribution Centre in Hayes, west London, to film and television lighting equipment specialist Panalux.
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NewsHBD submits plans for 454,000 sq ft business park expansion in Luton
Property developer HBD, part of Henry Boot Group, has submitted an outline planning application for the next phase of Luton’s Butterfield Business Park with an additional 454,000 sq ft of new employment space.
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NewsSt Modwen completes Gatwick warehouse leased by DHL
Developer St Modwen Logistics has completed the construction of a second warehouse at its Gatwick industrial and logistics park to be leased by German delivery and supply chain firm DHL Group.
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NewsHistoric Glasgow factory to be transformed into community and creative hub
A former industrial factory in Glasgow is set to be transformed into a community and creative hub after the city council gave the green light for the redevelopment of The Pipe Factory on Bain Street in Calton.
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NewsLondonMetric and LXi REIT in merger talks to create £3.9bn company
LondonMetric Property and LXi REIT have confirmed they are in discussions over a possible all-share merger of the two companies to create a firm valued at £3.9bn.
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NewsCrossbay snaps up four UK I&L assets in £80m move
Crossbay, the pan-European last-mile logistics platform incubated by real estate investor MARK, has added over 500,000 sq ft to its UK portfolio with the acquisition of four assets for a combined total of over £80m.
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NewsChancerygate and Bridges Fund Management snap up Birmingham site for development
Chancerygate and Bridges Fund Management have acquired a former automotive plant in Birmingham to deliver a 300,000 sq ft industrial and logistics development.
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NewsBARJANE purchases Rugby site for 100,000 sq ft I&L scheme
French industrial and logistics real estate specialist BARJANE has purchased its second UK site for an I&L development – a five-acre plot of land in Rugby ‘s Central Park estate.
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NewsClearbell sells five assets from Polaris industrial portfolio
Clearbell Capital has sold five industrial assets totalling over 1m sq ft from its Polaris portfolio for a combined total of £24.85m.
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NewsNEAT and BlackRock get go-ahead for £650m Walthamstow industrial and resi development
Property developer NEAT Developments and asset manager BlackRock Real Assets have achieved a resolution to grant planning consent for a mixed-use scheme comprising 355,000 sq ft of stacked industrial space together with 1,800 new homes.
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OnlineTritax EuroBox reports NAV decrease
Net asset value (NAV) at Tritax EuroBox slumped 25% in the year to the end of September as yields moved out across the property sector.
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OnlineValor completes £101m loan on London urban logistics assets
Valor Real Estate Partners has secured a five-year £101m loan from Canada Life Asset Management.
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NewsHBD and Barnfield get greenlight for 800,000 sq ft Lancashire industrial scheme
Developers HBD and Barnfield Group have secured planning permission for an 800,000 sq ft logistics scheme in Preston, Lancashire.
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OnlineSt Modwen secures £525m lending deal
RBC Capital Markets has agreed a £525m five-year loan to help fund St Modwen’s development pipeline.
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NewsFerrovial sells stake in Heathrow airport owner for over £2bn
Airport developer and operator Ferrovial has sold its 25% stake in Heathrow airport parent company FGP TopCo for £2.37bn.
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OnlineTritax Big Box REIT sells six assets for £327m
A disposals update from Tritax Big Box REIT has revealed that it has sold six assets so far in its 2023 financial year for £327m, at a blended 4.34% net initial yield.
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OnlineFourth quarter revenue edges up at Safestore
Storage giant Safestore increased its group revenue by 1.4% during the three months to the end of October.
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NewsPeel Waters submits plans for 108,553 sq ft Salford I&L development
Peel Waters, Peel L&P’s waterfront development arm, has submitted plans for a 108,553 sq ft logistics and industrial development in Salford.
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NewsUK faces ‘gigafactory gap’ which could see automotive industry ‘relocate to Europe’
The UK faces a growing ‘gigafactory gap’, with insufficient electric vehicle (EV) battery manufacturing capacity to satisfy demand as European competitors take control of the market, a cross-party House of Commons committee report has found.
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NewsUK Commercial Property REIT drops Picton merger
UK Commercial Property REIT (UKCM) has ended merger discussions with Picton because its largest shareholder, Phoenix Life, which controls around 43% of UKCM’s share capital, does not support the terms proposed.
