Industrial news
CREI offloads Milton Keynes warehouse for £8m
Custodian Property Income REIT has sold the 52,000 sq ft warehouse on Bradbourne Drive, Tilbrook Industrial Estate, to an unnamed buyer.
JR Capital and Chancerygate fund buys trio of industrial assets
JR Capital and Chancerygate’s multi-let urban logistics investment fund has acquired a portfolio of three South East industrial assets for £14m from GMS Estates.
Warehouse REIT boasts of ‘strong quarter’
Warehouse REIT has told investors that it enjoyed “a strong quarter of leasing activity” during the three months to 31 December.
Stoford wins planning for £30m Wolverhampton I&L hub
Wolverhampton City Council has given the plans the green light.
Massive demand for new I&L floorspace, says Knight Frank
The property adviser warns 112m sq ft is needed over the next five years.
NAV up 4.7% at Safestore but profits down
Self-storage group posts 4.7% rise in net asset value for year to end of October.
Muse proposes extension to Nottinghamshire I&L park
The developer has submitted planning applications for six new industrial units at Harrier Park, Dorey Way in Hucknall.
Chancerygate plans speculative east Manchester shed
Urban logistics and warehouse developer Chancerygate has submitted plans to speculatively build a 59,500 sq ft grade-A warehouse in Manchester.
Stoford and BlackRock fund submit plans for 302,000 sq ft Coventry shed
Commercial property developer Stoford and BlackRock UK Property Fund (BUKPF) have submitted a detailed planning application for the redevelopment of a 16.4-acre logistics complex in Coventry.
Clarion raises £427m for UK logistic fund
Fund manager Clarion Partners Europe has exceeded the fund raising target for its closed-end UK logistics fund by securing £427m in investment.
AM Sci Tech swoops for Aberdeen Energy and Innovation parks
Manchester-based property company AM Sci Tech – a subsidiary of Hurstwood Holdings – has snapped up Aberdeen Energy Park and Aberdeen Innovation Park in an acquisition described by the firm as “one of the most significant property deals in Aberdeen in the last decade”.
