Industrial news
NAV dips at abrdn European Logistics Income
Net asset value (NAV) at abrdn European Logistics Income’s portfolio dipped 2.6% in the quarter to the end of June.
Industrials REIT acquires Rochester Trade Park
Multi-let specialist Industrials REIT has snapped up Rochester Trade Park for an undisclosed price from clients of Swiss Life Asset Managers UK – its first investment since its acquisition by Blackstone in June.
St Modwen Park Broomhall set for expansion as two new leases signed
St Modwen Park Broomhall in Worcester is set for expansion after planning permission was secured for an extra 72,000 sq ft of warehouse space and two businesses signed new leases on the industrial park.
Valor agrees to pay £146m for Lothbury's west London industrial estate
Valor Real Estate Partners has agreed terms to buy the Tera 40 industrial estate in Greenford, west London from Lothbury Investment Management for around £146m.
Zorin provides MCR with £48m refinancing deal
Real estate investor developer MCR Property Group has secured a £48m refinancing deal with Zorin Finance.
Panattoni gets green light for 200,000 sq ft speculative logistics scheme in Crawley
European logistics giant Panattoni has secured planning consent for a 200,000 sq ft speculative logistics development in Crawley.
Around Noon doubles presence on Slough Trading Estate with new warehouse
Food-to-go manufacturer Around Noon has signed a 15-year lease with SEGRO for a new 27,000 sq ft warehouse, doubling its presence at Slough Trading Estate.
Aviva Investors offloads North East industrial asset for £50m
The Local Government Pension Scheme has acquired a large industrial asset in Tyne and Wear in the North East from Aviva Investors for just over £50m.
Tritax Big Box REIT sees return to capital growth for H1
Operating profit has increased 7.5% at Tritax Big Box REIT from £88.8m to £95.5m for the six months ended 30 June 2023.
Headline rents as new tenants move into West Midlands industrial parks
Three new tenants have signed headline rent deals to take space at the Octagon Business Centre and Granada Trading Estate in the West Midlands.
Weir steps up to head of strategic occupier solutions at JLL
JLL has appointed Giles Weir as its head of strategic occupier solutions.
