Industrial
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Slough gets go-ahead for Thales UK Crawley facility
Crawley Borough Council has approved Slough Estates International’s outline plans for a purpose-built facility for Thales UK. The 500,000 sq ft premises are to be built for the defence and…
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Welsh aerospace park grounded after Govt rethink
Ambitious plans for an aerospace business park in Wales are in tatters after the Government announced the closure of a Defence Aviation Repair Agency (Dara) fast-jet site at St Athan.
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Tesco buys warehouse development site from Slough
Tesco Developments Ltd has paid Slough Estates £4m for a warehouse site on the Nursling Industrial Estate, Southampton. The 5.76-acre site, marketed as Vista Park, has planning permission for a…
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London mayor claims credit for averting Olympic ‘crisis’
London mayor Ken Livingstone has declared that the London Development Agency (LDA) had averted a “crisis” in the city’s preparations for the Olympics by issuing a CPO for the Stratford…
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Astral buys Luton industrial site for £25m
Astral has revived one of the South East’s largest industrial development opportunities, by buying a 264-acre site next to Luton airport.
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WDA awards ‘no-risk’ contract to Babcock & Brown
Structured finance specialist Babcock & Brown has emerged as the frontrunner to partner the Welsh Development Agency in a 1m sq ft property development partnership.
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TNT to take warehouse space for Danish retailer
Logistics company TNT is close to signing for more than 1m sq ft of distribution space in Yorkshire to support Danish furniture retailer Ilva’s move into the UK.
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British Land retail fund raises €214m
British Land’s European retail warehouse fund PREF has raised €214m (£144m) of new equity. The three new investors are the British Airways Pension Fund and two Danish pension funds, Kommunernes…
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Kenmore sells Ellesmere Port business park
Kenmore has sold its long leasehold interest in the Junction 8 Business Park in Ellesmere Port, Merseyside, to Royal London Exempt Property Unit Trust for £8.4m.
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CarillionEnterprise wins MOD maintenance contract
Defence Estates, the property arm of the Ministry of Defence, today confirmed that it had chosen CarillionEnterprise for a £550m contract to manage buildings across England and Wales.
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Irish property returns ease off over summer
Irish property returns eased off slightly in the three months to September dipping to 4.5% according to the latest survey by the IPD in conjunction with the Irish Society of…
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Record price for commercial site in south-west Ireland
A new record price for commercial development land in the south-east of Ireland could well be seen later this month. Developers in search of potential retail warehouse sites are expected…