Industrial
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Companies begin Hemel Hempstead blast assessment
Landlords and occupiers have begun assessing the damage to property in Hemel Hempstead following yesterday’s explosion at the Buncefield Oil Storage terminal.
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Gazeley targets Russia and China
Gazeley is looking east. The industrial developer owned by US retail giant Wal-Mart is setting up businesses in Russia and China.
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St Modwen sells Yeoville Screwfix HQ to Albemarle
St Modwen Developments has sold the new 62,000 sq ft Screwfix Direct HQ, in Yeovil, Somerset, to Albemarle Syndicates for more than £10.5m.
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SWIP signs up for Hertfordshire shed jv
Scottish Widows Investment Partnership (SWIP) has signed up to a 50:50 joint venture with shed developer Rosemound to develop a 59-acre site in Hertfordshire.
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Westbrook makes £400m UK portfolio acquisition
American investment fund Westbrook has bought a £400m property portfolio from Prudential. The off-market deal has been quietly negotiated outside the agency community over the past six months and finally…
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Bilton’s Russian Raven pays $110m for logistics park
Raven Russia, the AIM-listed Russian development company spin-off from Anton Bilton’s Raven Mount, announced its first major acquisition this morning. The group said this morning that it had exchanged contracts…
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Slough buys €163m German logistics portfolio
Slough Estates International (SEI) is to acquire a €163.2m (£110m) logistics portfolio and related land bank from German retail giant KarstadtQuelle AG through a sale and leaseback transaction.
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Quinlan pays £69m for remaining KBC Irish portfolio
Irish property investor Derek Quinlan has paid €103m (£69m) to KBC Asset Management for its remaining Irish property portfolio. John Moran, Capital Markets Director of Jones Lang LaSalle, who handled…
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Warner buys Anglo Irish out of Ashtenne
Warner Estate has bought Anglo Irish Bank out of the joint venture vehicle it used for the pair’s £170m takeover of industrial specialist Ashtenne in May.
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Clients face delays if top teams chase Olympic gold
The UK’s biggest property company rang alarm bells this week about the potential impact of an Olympics-driven development brain drain. Land Securities development director Steve McGuckin said the group was…
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ProLogis ‘green’ proposal wins colliery deal
ProLogis has won a highly sought-after 64-acre Midlands development site. The company beat 20 other bidders to be selected by Advantage West Midlands for the £45m redevelopment of the former…
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Yorkshire hub set to be the Next big thing
Next is on the verge of signing for one of the UK’s biggest ever distribution schemes. The retailer has selected St Paul’s Developments’ Brookfields Park in Rotherham, South Yorkshire, for…