Industrial news – Page 6
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NewsWeir steps up to head of strategic occupier solutions at JLL
JLL has appointed Giles Weir as its head of strategic occupier solutions.
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NewsLondonMetric boosts value of portfolio with CTPT acquisition
LondonMetric has completed the acquisition of CT Property Trust (CTPT), increasing its portfolio value to £3.2bn and generating £160m of rental income per year from a diversified occupier base.
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NewsMicheldever Group signs 15-year lease at Connect-70 in North Lanarkshire
Tyre wholesaler Micheldever Group has signed an undisclosed deal on a 15-year lease at Connect-70 in Bellshill, North Lanarkshire, Scotland.
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OnlineTritax Big Box closes in on £450m refinancing deal
Tritax Big Box REIT is close to agreeing a refinancing deal of its £450m revolving credit facility (RCF), Property Week can reveal.
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NewsHarworth Group sells Melton Commercial Park hitting £70m in seven industrial sales this year
Regeneration specialist Harworth Group has sold seven multi-let industrial estates across the North West, Yorkshire and East Midlands for a total of about £70m.
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OnlineAviva Investors provides additional £57m loan to Urban Logistics
Aviva Investors has agreed an additional £57m in sustainable transition financing to Urban Logistics REIT.
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NewsWaystone Hargreaves Land gets go-ahead for 375,000 sq ft Hatfield shed
Waystone Hargreaves Land, a joint venture between Hargreaves Land and Waystone Developments, has secured planning permission for a 375,000 sq ft warehouse in Hatfield, South Yorkshire.
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NewsHBD completes 85,000 sq ft Luton warehouse for Shoal Group
Developer HBD, part of the Henry Boot Group, has completed a new 85,000 sq ft shed at its 83-acre Butterfield Business Park in Luton.
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NewsSEGRO completes environmental overhaul of Greenford Park shed
Industrial giant SEGRO has completed a six-month-long environmental refurbishment of a west London warehouse.
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NewsP3 Logistic Parks begins expansion into UK with acquisition of two SEGRO sheds
European logistics developer and manager P3 Logistic Parks is expanding into the UK with the acquisition of two logistics assets for an undisclosed fee from SEGRO.
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OnlineNAV at SEGRO dips in first half but profit rises
Net asset value (NAV) at industrial giant SEGRO fell 3% in the six months to the end of June following a 1.4% fall in the value of its portfolio.
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NewsAbrdn markets new Birmingham warehouse
Investment firm abrdn has started marketing Gravelly Point at Gravelly Industrial Park in Birmingham to prospective tenants, following its recent completion at a cost of just under £27m.
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OnlineBritish Land secures planning for London urban logistics scheme
British Land has received resolution to grant planning permission for a 455,000 sq ft multi-level logistics hub at Heritage House in Enfield, north London.
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OnlineGriffen secures major letting at Leicestershire logistics park
Griffen has agreed a 128,048 sq ft letting for a global manufacturer’s parts distribution operation on Unit 1 at its Griffen Park logistics park in Desford, Leicestershire.
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NewsTata confirms plans for Somerset electric car battery gigafactory
Jaguar Land Rover-owner Tata has confirmed long-rumoured plans to invest £4bn on building a 40GWh electric car battery gigafactory in Somerset.
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NewsKite Packaging signs 15-year lease at Delancey’s Proxima Park
Packaging supplier Kite Packaging has signed a 15-year lease at Delancey’s Proxima Park.
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NewsQ2 property investment drops to levels not seen in over a decade
Property investment activity dropped in Q2 with just £7.5bn of property assets changing hands, representing a 10% decrease on Q1’s already subdued out-turn, according to a report by Lambert Smith Hampton (LSH).
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OnlineLXi finance chief quits role
Freddie Brooks has resigned from his role as chief financial officer at LXi REIT to pursue other opportunities.
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OnlineArenson steps back from CEO role at Industrials REIT
Industrials REIT’s founder and chief executive Paul Arenson is to step back from the day-to-day running of the company he founded in 1995.
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NewsDelin Property signs Lloyd Fraser to occupy its 163,000 sq ft Magna Park warehouse
European logistics warehouse specialist Delin Property has signed a long-term lease for third-party logistics provider Lloyd Fraser to occupy its 163,000 sq ft crossdock warehouse in Magna Park, Lutterworth.
