Industrial news – Page 3
-
OnlineWarehouse REIT to sell 2m sq ft Crewe industrial park development to reduce debt
Warehouse REIT plans to sell its Radway Green industrial park in Crewe in an effort to reduce debt.
-
NewsFreehold industrial lots to take centre stage at BidX1’s next sale
A freehold warehouse building on a site with development potential in Hillsborough, South Yorkshire, with a guide price of £900,000-plus, will be the top-priced lot in online auctioneer BidX1’s 23 November sale.
-
NewsRegional REIT reports robust Q3 despite office market headwinds
Regional REIT achieved a high tenant retention rate for Q3, with 73.2% of units up for renewal let to the same tenants at an average 6.2% rise in rental income, its trading update for the quarter said.
-
NewsGalliard and City Developments JV buys massive Morden Wharf site
Mixed-use developer Galliard Homes has acquired the 13.8-acre Morden Wharf site in London’s Royal Borough of Greenwich to develop around 1,500 homes, in a joint venture with City Developments Limited (CDL), Property Week can reveal.
-
NewsTritax Symmetry hires five and promotes two to support expansion
National logistics developer Tritax Symmetry has taken on five new staff and promoted another two to support the company’s expansion.
-
NewsUK Commercial Property REIT and Picton in merger talks
UK Commercial Property REIT (UKCM) is in discussions with Picton Property Income regarding a possible all-share merger, which would create a company with net assets of around £1.6bn and a portfolio worth around £2bn.
-
NewsMinister backs veto for planned giant Buckinghamshire data centre to ‘protect green belt’
Government minister Lee Rowley has upheld the rejection of plans to build England’s largest data centre in Iver, Buckinghamshire, between the M25 and an industrial estate, citing the need to protect the green belt.
-
NewsSirius Real Estate acquires £33.5m portfolio of three north London assets
Sirius Real Estate, through its BizSpace subsidiary, has acquired a £33.5m portfolio of three assets in north London from a closed-ended fund.
-
NewsHistoric Hampshire naval base set for mixed-use regeneration scheme
Gosport Borough Council has approved the first two phases of the restoration of an historic naval base in Lee-on-the-Solent, Hampshire.
-
NewsBrookfield and Copley snap up trio of Heathrow distribution hubs in £54m deal
Global real estate investor, operator and developer Brookfield and industrial real estate operator Copley Point Capital have snapped up three distribution warehouses by Heathrow airport.
-
NewsHBD submits application for first phase of £100m I&L scheme
Developer HBD, part of the Henry Boot Group, has submitted a reserved matters application for the first phase of its £100m GDV SPARK scheme – a 44-acre logistics and manufacturing hub near Walsall in the West Midlands.
-
NewsJamdac gets green light for 51,667 sq ft County Antrim shed
Jamdac Developments has secured approval to develop a 51,667 sq ft shed at Creagh Industrial Park near Toome in County Antrim.
-
NewsLok’nStore says future ‘looks rosy’ as revenue rises 12%
Lok’nStore’s self-storage revenue rose 12.1% to £25.3m in the year to the end of July, as demand in the sector remains strong, according to its latest results.
-
OnlineM7 Regional E-Warehouse REIT plans restructure and pauses dividends after NAV fall
M7 Regional E-Warehouse REIT revealed that it is planning to restructure after pausing dividend payments, following a 13% hit to net asset value (NAV) and its announcement that it is exiting the International Property Securities Exchange (IPSX).
-
NewsQ3 commercial investment falls 57% but UK industrial sector shows ‘glimmers of light’
European commercial real estate registered the seventh consecutive quarterly fall in investment in Q3, but the UK industrial sector provided a small bright spot, according to the latest research from MSCI Real Assets.
-
NewsHBD submits plans for £35m-GDV west Lancashire shed
Developer HBD, part of Henry Boot Group, has submitted a planning application for 245,000 sq ft of industrial and logistics space in a £35m-GDV scheme in west Lancashire.
-
OnlineSEGRO reveals strong rental growth over first nine months of 2022
SEGRO has reported strong rental growth for the year to date and a positive outlook on the back of an active asset management programme.
-
OnlineInvestec provides £80m loan for Norton’s Suffolk distribution centre
Investec Real Estate has provided Norton Group with an £80m financing package to fund the development of a distribution centre in Suffolk.
-
OnlineSandyford secures £20m Barclays debt facility in drive to double portfolio
UK multi-let industrial property company Sandyford Properties has secured a £20m, five-year revolving credit facility with Barclays to fund acquisitions, as the group looks to more than double its portfolio over the next five years.
-
OnlineTritax Big Box REIT agrees £500m RCF
Logistics group Tritax Big Box REIT has agreed a £500m sustainability-linked unsecured revolving credit facility (RCF) with a syndicate of its existing relationship banks and new lenders.
