Industrial
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Langtree secures £4.1m grant for Knowsley scheme
Developer Langtree Group has secured a £3m grant for its development of the Alchemy site in Knowsley, Merseyside. The Merseyside Objective One Programme has contributed £2.8m to the scheme, while…
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Equiton makes Wokingham Impulse sale for £4.9m
Equiton Industrial Partnership has exchanged contracts to sell a virtual freehold interest in Impulse 84, Wokingham for £4.9m. The sale, to Impulse 84 Ltd, reflects a net initial yield of…
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Warner buys Northampton’s Immanis warehouse
Warner Estate has bought the 126,400 sq ft Immanis distribution warehouse in Brackmills Distribution Park, Northampton. The investment company, through its Radial Distribution Fund, bought the warehouse from Standard Life…
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ING completes acquisition of Abbey potfolio
ING Real Estate Investment Management (ING REIM) has confirmed that it has completed the acquisition of the 128 commercial properties being sold by Abbey.
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Cambridge 2005 take-up broadens, says Savills
Take-up in Cambridge this year looks set to outperform 2004’s 440,000 sq ft by 50,000 sq ft, according to Savills. This week, Broadcom Europe took 29,900 sq ft at Trinity…
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Brixton sells first-ever acquisition for £56m
Brixton has sold its first-ever acquisition, Kennington Park in south London, to Workspace Group for £56m. The 333,000-sq ft mixed-use estate was acquired by Brixton in 1924 for £135,000.
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Arlington prelets 190,000 sq ft at Gloucester Business Park
Arlington has prelet a 190,000 sq ft unit at its Gloucester Business Park to Direct Wines, which will pay £5 per sq ft on a 15-year lease.
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L&G forward funds 208,000-sq ft Trafford Park shed
Legal & General (L&G) has agreed to forward fund the largest speculative warehouse at Manchester’s Trafford Park in recent years. L&G has agreed an £11.8m funding package with Commercial Development…
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Marconi Corporation takes 80,000 sq ft in Coventry
Marconi Corporation has taken an 80,000 sq ft distribution warehouse at Chase Commercial’s Chase Park, close to Coventry’s Ricoh Arena. The telecommunications giant has signed up for Chase Point One,…
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St Modwen poised to net first prelet at Hilton scheme
St Modwen is poised to net its first prelet for its 70-acre Hilton Business Park, near Ashbourne in Derbyshire. The Midlands-based developer has submitted an outline planning application for a…
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ProLogis signs two warehouse leases in Frankfurt
ProLogis announced that it had signed two leases totalling 148, 545 sq ft on warehouses in Frankfurt, Germany. The industrial giant said work had begun on a 93,110 sq ft…
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Gazeley/Standard Life in £20m Kent purchase
Gazeley, in a joint venture with Standard Life Investments, has purchased 126 acres of Kemsley Fields Business Park, in Sittingbourne, Kent, for £20m.