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» Chronological View: " Logistic " «

Blackstone completes acquisition of Prologis logistic centers

It is done: Blackstone has acquired five German logistics centers from Prologis. The properties are located in Bad Hersfeld, Bremerhaven, Hassfurth, Borken and Neunkirchen and have a total size of 157,645 sqm. The transaction was signed as combined asset and share sale in February and completed in June. It is one of the top f...
Wednesday, 18. July 2018

M7 Real Estate lets 12,650 square metres of warehouse and office space in Kleve

M7 Real Estate has, on behalf of the M7 European Real Estate Investment Partners IV (M7 EREIP IV) fund, let around 12,650 square metres of space at Wilhelm-Sinsteden-Strasse 5-7 in Kleve, North Rhine-Westphalia. This comprises approximately 10,500 square metres of warehouse space and 2,150 square metres of offices. Built in 2...
Wednesday, 18. July 2018

Rental growth prospects drive office and industrial investment in 2018

Total investment volumes in Poland in in the first half of 2018 surpassed €3 billion reaching €3,246 million, up 113% year-on-year, according to the latest analysis by Cushman & Wakefield. In the first half of 2018, the retail sector remained the largest with a 59% share at €1,902 million, more than double the H1 2017 figure...
Tuesday, 17. July 2018

Karl Dischinger signs long-term lease for 25,000 sqm of logistics space

Karl Dischinger has signed a long-term lease for 25,000 sqm of logistics space at the newly constructed greenfield logistics park at Baden-Airpark. Realogis has brokered the deal for the logistics park, which is part of Karlsruhe/Baden-Baden Airport in Rheinmünster. The greenfield Baden-Airpark logistics park offers a total o...
Tuesday, 17. July 2018

Logicenters signs Bythjul Norden as new tenant for Brunna Logistikpark

Logicenters has signed a seven-year lease agreement with Bythjul Norden for the Brunna Logistikpark, with Bythjul Norden becoming the new tenant of Logicenters facility Viby 19:102 at Mätarvägen 27. The tire specialist with focus on ecommerce will move into the facility at the end of 2018. Brunna is a strategically well situa...
Tuesday, 17. July 2018

Valor RE Partners completes 500,000 sq ft of acquisitions and a £21 million refinancing

Valor Industrial Partners 2 (VIP2) has acquired a portfolio of nine logistics assets in and around Greater Manchester and a further asset in Beckton, East London. In addition, Valor has also completed a £21 million (c. €23.7 million) refinancing of three assets in Beckton, Crawley and Ashford by extending its existing Deutsch...
Tuesday, 17. July 2018

Warburg-HIH Invest sells retail warehouse park in Sundsvall

Warburg-HIH Invest Real Estate has sold a 9,700sqm retail warehouse park in Sundsvall to Svenska Handelsfastigheter for an undisclosed sum. Completed in 2008, the building provides a lettable retail area of 9,669 square metres along with an underground car park of 300 spots. The property was acquired for the Warburg-HIH Pan-E...
Monday, 16. July 2018

Stenprop acquires Estuary Court from Storage Giant for £3.1 million

Stenprop has acquired Estuary Court, an industrial estate in Newport, South Wales, from Storage Giant for £3.1 million (c. €3.5 million), which reflects a net initial yield of 7.6%. Estuary Court is a modern estate, located in the established industrial location of Queensway Meadows. It comprises 20 units, totalling 34,980 sq...
Monday, 16. July 2018

M&G Real Estate acquires Birchmere business Park

M&G Real Estate has acquired Birchmere Business Park in Thamesmead, SE28, from the Milton Group for £12.25m (c. €13.9m), reflecting a net initial yield of 3.7%. The 91,511 sq ft site is let to Harris Installation Services, Roberts Metal Packaging, and the Royal Borough of Greenwich Council. Gerald Eve acted on behalf of M&G R...
Monday, 16. July 2018

MLP Group signs 22 lease agreements for a total of 100,300 sq m of industrial space

In the first half of 2018, MLP Group signed 22 lease agreements for a total of 100,300 square meters of industrial and office space, marking an increase in results of nearly 3% compared to the year before, when 97,800 square meters of space was commercialized. Out of this area, 55,500 square meters of space was leased by clie...
Monday, 16. July 2018

Inner-city logistics still far from being an institutionalised product

Logistics facilities in the heart of Germany’s urban centers seem to be in demand as never before. E commerce and its promise of fast delivery times is forcing logistics providers to move ever closer to end customers. But suitable sites for inner-city logistics are scarce, and in the battle to win support from local residents...
Monday, 16. July 2018

LondonMetric sells Odean Cinema and acquires an urban logistics asset

LondonMetric Property has sold an Odeon Cinema in Warrington for £13.7m. The asset comprises ten screens across 36,000 sq ft. It formed part of a portfolio of ten Odeon Cinemas acquired in 2013. The sale reflected a net initial yield of 4.8%. The company reinivest the capital into an urban logistics asset in Milton Keynes for...
Friday, 13. July 2018

Yusen Logistics renews lease agreement at Goodman Toruń Logistics Centre

Yusen Logistics has renewed its lease agreement for over 15,000 sqm at the Goodman Toruń Logistics Center complex. JLL represented the tenant during the process of renegotiating the terms of the contract. Goodman Toruń Logistics Center offers a total of approximately 67,000 sqm of warehouse and industrial space. The renewal o...
Friday, 13. July 2018

Hemfosa Fastigheter acquires property portfolio worth about SEK 3.6 billion

Hemfosa has acquired a property portfolio of 51 properties comprising office space, warehouses and logistics buildings properties totaling approximately 460,000 square meters in growth municipalities and transport hubs with a total value of approximately SEK 3.6 billion. The acquisition concerns a portfolio of commercial prop...
Thursday, 12. July 2018

Broadland snaps up former TK Maxx warehouse

Broadland Properties has acquired Wakefield 31, a 176,000 sq ft former TK Maxx distribution centre at Wakefield Europort, Castleford. The site is located close to Junction 31 of the M62 and fronts California Drive, the main spine road leading through the estate. The property has recently undergone an extensive refurbishment a...
Thursday, 12. July 2018

Highgrove Group secures full planning approval major Gateshead scheme

Highgrove Group has been granted full planning approval for the development of up to 2.5 million sq ft of high bay distribution or industrial accommodation at a site immediately south of the Follingsby Park Industrial development in Gateshead. According to Highgrove Group, site infrastructure and enabling works on the develop...
Thursday, 12. July 2018

Adam Smith and Alex Wilshaw to join Warehouse REIT

Warehouse REIT has appointed Adam Smith as Senior Asset Manager, responsible for Midlands and Alex Wilshaw as an Asset Manager working on the Southern region. Effective immediately, Smith and Wilshaw join the company’s 13-strong team with responsibility for managing Warehouse REIT’s c. £300 million (c. €339.1 million) portfo...
Wednesday, 11. July 2018

TNR takes 27,000 sq ft at Canmoor’s Westway Park

By taking 27,000 sq. ft. at Westway Park in Renfrew, TNR is upsizing operations from an existing base at Linwood. The unit at Westway will be used for production. TNR Packaging and Case-making has entered leasing agreement for Block A (Units 1 and 2), which extends to 27,000 sq ft. The units also include office space and will...
Wednesday, 11. July 2018