The private equity firm Blackstone has become the latest investment house to shift its money from Germany’s housing market to the country’s commercial sector. The New York-based Blackstone Group was one of the first multi-nationals to cash in on... Read More
Prologis — which recently posted a fourth-quarter profit of $61m — has confirmed its second UK industrial development in as many weeks. In January the San Francisco-based company announced it was adding an extra 262,500sq ft of logistics... Read More
Commercial property is, once again, seen as an attractive investment as the market continues to pick up and this week LondonMetric confirmed that it has acquired Superdrug’s Doncaster distribution centre in a £13 million deal. The retail group purchased... Read More
BlackBerry — the trouble-hit Canadian smartphone maker — is putting the majority of its property holdings on the market in a bid to raise badly needed cash. The Ontario-based company said it plans to use a combination of vacant sales and sale-leaseback... Read More
Already one of Japan’s biggest distribution site owners and providers, Prologis is developing a new 440,000sq ft complex for retailer Töhoku CO-OP. To be constructed on a build-to-suit basis, the new facility will be located at Prologis Park Tomiya... Read More
Norway — which owns the world’s biggest state wealth fund — has bought a 45 per cent stake in the industrial and logistics company Prologis. The sovereign-wealth fund has paid $450m for a 45 per cent stake in the US-based company, leaving... Read More
After the best on-line Christmas sales ever, one of Britain’s leading accountants has warned that a distribution blue print is vital for continued growth. Traditional retail sales increased by just 0.4 per cent from December, 2012, but internet... Read More
It started in the United States, spread to Australia, and landed in Britain less than 25 years ago. Now there are around 1,000 self-storage sites across the UK providing more than 30m sq ft of space. But hidden among the forgotten furniture and the... Read More
IM PROPERTIES has completed the pre-let of a 50,000sq ft customer delivery hub at Solihull Business Park to retailer John Lewis. The new West Midland’s facility — expected to create at least 100 jobs — is the first of John Lewis’s new customer... Read More
Sladen Estates says it will create as many as 1,000 jobs from its plan to build a high quality employment park adjacent to the M1 in Nottinghamshire. The Derbyshire-based company has just bought the former Prologis Park site at Ashfield and intends to... Read More
