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Nike signs 20-year lease for East Midlands logistics hub logisticsmanager.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from logisticsmanager.com Daily Mail and Mail on Sunday newspapers.
Developer starts construction on 760,000 sq ft unit at prime site thebusinessdesk.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thebusinessdesk.com Daily Mail and Mail on Sunday newspapers.
Nike signs deal for landmark UK logistics campus insidermedia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from insidermedia.com Daily Mail and Mail on Sunday newspapers.
Nike signs 20-year deal for huge logistics campus thebusinessdesk.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thebusinessdesk.com Daily Mail and Mail on Sunday newspapers.
Sticks and stones | Logistics Manager logisticsmanager.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from logisticsmanager.com Daily Mail and Mail on Sunday newspapers.
GLP announces a further 2.3 million ft2 of speculative development in the UK logisticsmanager.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from logisticsmanager.com Daily Mail and Mail on Sunday newspapers.
default Investor and developer GLP, is starting the speculative development of 1 million sq ft of warehouse space across the UK – in a move that it claimed is the largest programme of speculative logistics real estate development currently underway nationwide. It has started construction on seven units, across four sites in Bedfordshire, Northamptonshire and Milton Keynes, following the grant of planning permission. The development programme has been launched to satisfy the significant demand in an increasingly supply-constrained market and follows the practical completion of 1.25 million sq ft of speculative development at Magna Park South, Lutterworth in December 2020. “Demand for larger warehouses has significantly expanded in recent years, particularly among e-commerce occupiers in need of more storage space,“ said Bruce Topley, Managing Director, GLP UK. “The growth of e-commerce in the UK has been accelerated by the Covid-19 pandemic given the increased importance of home deliveries. As a result, we have seen a surge in demand for logistics real estate in the right locations. Customers are also seeking to reinforce their supply chains and increasingly require higher specification buildings and cutting-edge sustainability credentials.
Liza Helps investigates. It has been a tumultuous year and what we envisioned only a short six months ago is nothing like our reality now. Back in January and February, the prospects looked promising after the stop/start 2019 plagued with political uncertainty, then the coronavirus struck, and the country was plunged in to lockdown – it looked a bit grim. But the pandemic has turbo charged the supply chain industry – the question is: is this the new normal? “Across the board, property consultants,” says Paul Weston, Regional Head of Prologis UK, “are reporting record take-up.” Indeed, the latest research from CBRE notes that take-up of UK logistics space is 111% higher than this time last year. Third-quarter take up levels have surpassed the record-breaking take-up levels in the second quarter of this year to reach a total of 13.33 million sq ft.