Industrial
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Phoenix sells Woolworths shed at 7% yield
F&C Asset management, on behalf of Phoenix Assurance, has sold a Woolworths distribution warehouse at Dorcan Industrial Estate, Swindon. UBS Global Asset Management bought the shed for £27m, representing a…
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Curzon wins race to buy Gazeley’s 2m sq ft lot
Curzon Global Partners this week won the race to buy 2m sq ft of sheds on the Continent. Gazeley put its portfolio of 10 occupied warehouses on the market in…
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Carlsberg takes Leeds’ Blue Steel warehouse
Carlsberg UK has taken Thorpe Gate’s Blue Steel warehouse in Leeds at a rent of around £4.95 per sq ft. The brewer has taken the 155,000 sq ft former Poundstretcher…
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Westbury boosts portfolio with four new buys
Four new buys boosted business at the Westbury Property Fund in the six months to 30 June. The group said it had bought four properties.
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MAR gets go-ahead for business park expansion
MAR Developments has received planning permission for a new 30-acre phase of development at Blackpool Business Park. The site on Squires Gate Lane adjoins Blackpool International Airport and is around…
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Workspace completes £39.7m worth of acquisitions
Workspace Group has announced the completion four acquisitions for a total of £39.7m, adding an extra 495,776 sq ft of space to its portfolio.
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RICS reports static demand for commercial property
Demand for commercial property remained static in the second quarter of the year, according to the RICS, after 18 months of “gradual improvement.”.
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Closures to have dramatic affect on Welsh industrial market
A raft of major factory closures is poised to dramatically affect the South Wales’ industrial market. In the past month, a series of household names, including Sony, Wrigley’s, St Ives…
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UK Coal looks to property assets as mining profits slump
UK Coal has confirmed that it is carrying out an independent valuation of its 50,000 acre land bank and eyeing development opportunities as it updated on losses in its mining…
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Green light for logistics park and port at Thames oil refinery site
The government has announced that it is ‘minded to approve’ P&O’s plans for a 700-acre logistics park and port in Thurrock, Essex.
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Formaction lets South Wales industrial units
Industrial landlord Formaction has fully let its 100,500 sq ft former Sofa Workshop building at Pontyclun, South Wales. Aidapt, a manufacturer and distributor of products for the elderly and disabled…
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Rokeby sells two sheds in Cleveland for £5m
Rokeby Developments has sold two units at its Preston Farm Industrial Estate in Stockton, Cleveland, for a sum in excess of £5m.