Industrial
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Shed giants courtship talks stall
The UK’s two largest shed developers, ProLogis and Gazeley, have been in merger talks. Discussions between Gazeley chief John Duggan and ProLogis’s European managing director Alan Curtis and their superiors…
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Warner Estate sells Worthing retail warehouse
Warner Estate has sold a 38,119 sq ft retail warehouse in Worthing to Worthing Retail for £8.6m, reflecting a net initial yield of 4.4%.
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Westbury Property Fund sells stake in warehouse complex
Westbury Property Fund has sold its interest in an industrial complex fronting the North Circular Road in London. Westbury sold its interest in WPL Estates – the joint venture established…
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DevSec lets 110,000 sq ft West Midlands shed
Development Securities (DevSec) has signed an agreement to let its 110,000 sq ft industrial unit at Vector Point, in Redditch, near Birmingham, to an unnamed manufacturer.
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Bush and Gelder in £28m Stockley gamble
Two former Development Securities executives are bidding to buy a 109,000 sq ft empty office block in Stockley Park, Heathrow, for £28m.
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CPA set to reveal slow growth for construction industry
The Construction Products Association (CPA) will say this week that the industry will grow less than 1 per cent this year and next – 0.6 per cent and 0.9 per…
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Brother unveils plans for Bolton mixed-use scheme
Lancashire-based developer Brother Investments has revealed details of its plans for a £21m office and industrial scheme in Bolton. The developer, a sister company of B&E Boys Group, is planning…
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CWHB hires JLL’s Winfield to lead UK industrial team
Cushman & Wakefield Healey & Baker has poached Jones Lang LaSalle’s head of industrial markets, Peter Winfield, to head its UK industrial capital markets team.
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Brixton completes sale of properties to Teesland
Brixton has completed the disposal of 50 properties from its Industrious portfolio to Teesland iOG for £249.4m. The transfer of the final £9m of leasehold properties was concluded yesterday.
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Major investment planned for Welsh industrial sites
A new public sector and voluntary group partnership is to spearhead £92m of investment in more than 200 South Wales industrial sites.
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Pettifer Estates secures first tenant for Abbey Park
Pettifer Estates has secured the first tenant for its £65m Abbey Park in Stoneleigh, Warwickshire. Agricultural equipment manufacturer AGCO has signed a deal to house its new 81,000 sq ft…
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British Land/Rosemound confirms DIRFT Sun Life sale
The British Land/Rosemound joint venture at Daventry International Rail Freight Terminal (DIRFT) in Northamptonshire has confirmed the sale of a prelet distribution unit to Sun Life Unit Assurance as tipped…