Industrial news – Page 10
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OnlineUK capital values return to growth as retail stabilisation continues
UK investment property valuations have shown “a notable return to capital value growth” across the market, according to research from analyst firm Goodbody.
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NewsLok’nStore secures ‘excellent’ pipeline amid strong interim results
Self-storage group Lok’nStore announced that it has 10 new centres in the pipeline as it reported a 1.5% rise in revenue to £13.58m in its interim results for the six months to 31 January.
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OnlineJR Capital and Chancerygate buy Northampton logistics assets
JR Capital and Chancerygate’s urban logistics fund has bought a portfolio of seven fully let urban logistics units on Crow Lane Industrial Park in Northampton.
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NewsAlternative occupier warehouse lettings rise as online retail levels continue decline, says Knight Frank
Post-pandemic declines in online retail continue to impact leasing volumes for UK warehouse units but growing interest from a wider range of occupiers is increasing, according to global property consultancy Knight Frank.
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OnlineSEGRO boss Sleath points to signs of stabilising values
SEGRO has told investors that the value of industrial assets is “showing signs of stabilising” following outward yield movements that have dogged property assets over recent months.
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OnlineSirius posts 8% rise in annual rent roll
Sirius Real Estate has told investors that its annual rent roll across its German and UK portfolios increased by 8.1% in the year to the end of March.
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NewsCaterham revs up for 54,000 sq ft at Railpen’s Dartford X
Pension manager Railpen has signed Caterham Cars, the lightweight sports car maker, for 54,000 sq ft of space across three sites at its Dartford X industrial park in Dartford, Kent, on a 12-year lease.
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NewsPanattoni gets green light for £700m car factory redevelopment
Panattoni has won planning consent for the £700m redevelopment of the former Honda factory site in Swindon, which will create 7.2m sq ft of new industrial space in a major boost for the area.
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NewsIndustrial and logistics Q1 take-up at lowest since pandemic
Take-up of UK logistics and industrial space has recorded its worst start to the year since the Covid-19 pandemic, according to Cushman & Wakefield (C&W).
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NewsHFD pays £4.5m for 36,000 sq ft industrial unit in Scotland
Commercial property firm HFD Property Group has bought a 36,055 sq ft unit at Hamilton International Park for £4.5m from Wemyss Properties, adding to its portfolio at the central Scotland business park that it has managed since 2008.
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NewsOwens Group completes 60,600 sq ft warehouse deal in South Wales
Family-owned logistics, warehousing and distribution firm Owens Group has signed a five-year lease on 60,589 sq ft of warehouse space at C1 Trade Park in Aberaman, South Wales.
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OnlineUKCM secures three new lettings
UK Commercial Property REIT (UKCM) has secured new leases across three separate assets at a combined weighted premium of 40% to previous passing rent.
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OnlineM7 Regional E-Warehouse REIT post maiden annual results
M7 Regional E-Warehouse REIT has posted its maiden results following its listing on the International Property Securities Exchange.
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OnlineSEGRO signs up Maersk at East Midlands logistic park
Industrial and logistics giant SEGRO has completed a pre-let deal with Maersk for a new warehouse at SEGRO Logistics Park East Midlands Gateway.
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OnlineBlackstone agrees terms of £500m takeover of Industrials REIT
Private equity giant Blackstone is close to securing a £500m takeover deal for Industrials REIT after the companies agreed the terms for a possible cash offer.
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NewsHBD and Barnfield JV acquire Preston site for 800,000 sq ft industrial scheme
A joint venture (JV) between developers HBD, part of property group Henry Boot, and Barnfield Group, has acquired a 25-hectare site near Preston, Lancashire, to develop an 800,000 sq ft industrial and logistics scheme, for an undisclosed amount.
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OnlineWarehouse REIT sells £54.7m of assets in disposal drive
Warehouse REIT has continued it disposal strategy by selling a further tranche of assets for £54.7m.
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OnlineSupermarket Income REIT hits acquisition trail after £430m Sainsbury’s sale
Supermarket Income REIT is targeting up to £250m of acquisitions following the £430.9m sale of its Sainsbury’s portfolio back to the supermarket giant, Property Week can reveal.
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OnlineLondonMetric sells five industrial units for £34.8m
LondonMetric Property has exchanged on the sale of five warehouse and industrial assets in two transactions for £34.8m
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NewsWilton Development acquires Stockton site for major industrial scheme
Wilton Developments is set to deliver a major 600,000 sq ft industrial scheme in Stockton-On-Tees after snapping up the 33-acre Dynamo Park.
