Tag: warehouses

Tritax forward funds Wakefield TK Maxx Big Box

Posted on 22 September, 2015 by Cliff Goodwin under Commercial Developments

Tritax Big Box REIT, the logistics warehouse investor and asset manager, has pumped £59m into the land purchase and forward funding of a new West Yorkshire regional distribution facility. The 635,000 sq ft warehouse is being built on a site recently... Read More

Rising Demand triggers boom in Speculative Industrial Development

Posted on 25 August, 2015 by Kirsten Kennedy under Commercial Developments

Increased demand for industrial and logistics space has led to speculative development rising by more than 400 per cent when compared to the first half of 2014. According to DTZ, the total take-up in the first half of the year was 16.7 million sq ft,... Read More

Picton completes Sheffield Retail Warehouse acquisition

Posted on 12 August, 2015 by Chris Grigorovsky under Commercial Sales and Lets

Property investment company Picton has acquired the freehold of a Sheffield retail warehouse for £17.7 million, reflecting a net initial yield of 6.6 per cent. The property, which was built in 2002,  is located on an established nine acre site close to... Read More

Stoford cashes in on upturn with Impressive Project Pipeline

Posted on 4 May, 2015 by Cliff Goodwin under Commercial Developments

Stoford, the privately owned development company, has amassed a project pipeline of 18 commercial and industrial warehouse schemes totalling more than 10-million sq ft. If laid side by side the sites would cover 700 acres. The Birmingham-headquartered... Read More

Screwfix takes Second Warehouse at Prologis Stafford

Posted on 20 April, 2015 by Cliff Goodwin under Business News

Britain’s biggest trade supplier of tools and building materials has confirmed it is leasing a second warehouse on a West Midlands logistics park — taking its occupation to more than three-quarters-of-a-million square feet. Screwfix — which... Read More

Rents warning as Developers race to meet Yorkshire Warehouse Demand

Posted on 12 April, 2015 by Cliff Goodwin under Industry News

Spurred by an increase in demand for logistics and industrial property West Yorkshire looks set for the return of speculative “big hut” schemes — and record breaking rent hikes. Birmingham-based commercial property developer Stoford and Kier... Read More

Pension Fund backing for ‘Silver Bullet’ and ‘Black Velvet’ Warehouse Schemes

Posted on 17 March, 2015 by Cliff Goodwin under Commercial Developments

A corporate pension fund client of international property investment manager, Cordea Savills, has agreed to finance the speculative construction of two Warwickshire ‘big huts’ along with developers Canmoor. The two Hams Hall warehouses will be... Read More

New Airport City Hub to serve Smaller Carriers

Posted on 23 February, 2015 by Cliff Goodwin under Commercial Developments

Planners have given the green light for a new logistics facility at Manchester Airport aimed at small to medium-sized occupiers. Construction work is expected to start within weeks. The £15m hub — located within Airport City Manchester — will be... Read More

Online Rivals driving Commercial Property Demand in India

Posted on 31 January, 2015 by Jodee Redmond under Worldwide Property News

Amazon and its local rivals are responsible for propelling a boom in commercial property leasing in India. The company leases space as its storage needs increase, and shoppers are turning to the Internet to buy everything from big ticket items like... Read More

Warehouse Green Light for “Challenging” Leeds Former Pit Site

Posted on 26 January, 2015 by Cliff Goodwin under Commercial Developments

A West Yorkshire city site plagued by more than a decade of failed planning bids has finally been granted outline permission for a one-million square foot warehouse development. It's claimed the scheme could create as many as 1,500 jobs. Commercial... Read More