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» Chronological View: " Logistic " «

Diös sells property in Malung and announces property exchange with NP3

Diös Fastigheter is selling one commercial property in Malung with a total area of 3,000 square meters to Tre Kronor Property Investment AB. The underlying property value amounts to c. €1.6 million (SEK 16,4 million) and correlates to Diös’s most recent valuation. The transfer of ownership will take place in the third quarter...
Thursday, 19. July 2018

Glentrool has pre-sold a distribution warehouse to Cromwell Polythene for £4.5 million

Glentrool Estates Group has pre-sold a 50,000sqft distribution warehouse at its pioneering Sherburn2 business park at Sherburn-in-Elmet, near Leeds. The facility is being purchased for £4.5 million (c. €5.1 million) by Cromwell Polythene Ltd to cater for a growing business. Glentrool is transforming the 75-acre site at Juncti...
Thursday, 19. July 2018

Kohler Mira unveils Worcester Six plans

Kohler Mira has announced plans to create a state-of-the-art distribution, training and office unit in Worcestershire. The company is initially investing over £20 million (c. €22.4 million) in the first phase of its 11.3-acre development. Phase 1 of the scheme will deliver a unit of 158,000 sq ft with a further phase deliveri...
Thursday, 19. July 2018

Hema signs lease extension for 15,000 sq metres in Utrecht

Hema has signed a long-term lease extension for the Prologis Park Utrecht DC2 building, located at Rutherfordweg 50 in Utrecht in the Netherlands. DC2 comprises 14,474 sq metres of logistics space and 609 sq metres of office space.
Thursday, 19. July 2018

Lar España divests six logistics properties for €120 million

Lar España Real Estate SOCIMI S.A. has sold its logistics portfolio for €119.7 million. The portfolio comprises four logistics warehouses in Alovera (Guadalajara), one warehouse in the Juan Carlos I Business Park in Almussafes (Valencia) and one plot of land for a logistics development in Cheste (Valencia). The vendee of the ...
Thursday, 19. July 2018

Harworth submits planning application for major rail-connected development

Harworth Group has submitted an outline planning application to Selby District Council to transform its Gascoigne Wood site in Sherburn-in-Elmet, North Yorkshire, into a major rail-connected hub servicing the North of England that will deliver 2m sq. ft of employment space and up to 2,000 new jobs. The 276-acre site, formerly...
Thursday, 19. July 2018

All three of NRW’s top logistics markets are declining

The letting performance in the top logistics locations in North Rhine-Westphalia declined by a total of 18% to around 422,000 sqm in the first six months of 2018 (H1 2017: 513,000 sqm), according to an analysis by Realogis. For the first time, all markets recorded a year-on-year decrease: Düsseldorf recorded a decline of 24% ...
Thursday, 19. July 2018

MCS Group completes warehouse unit at Kingswood Lakeside Business Park

MCS Group has completed a multi-million pound warehouse unit at Kingswood Lakeside Business Park in Cannock, Staffordshire, on behalf of Opus Land. The completion of the 153,635 sq ft industrial unit marks the delivery of the fourth development by Opus Land at Kingswood Lakeside business park, Blakeney Way, Cannock, known as ...
Wednesday, 18. July 2018

Deal activity in the UK logistics sector slowed in Q2

Deal activity in the UK logistics sector slowed in Q2 but contributed to the best half year since 2015 according to research by Cushman & Wakefield, according to Cushman & Wakefield’s UK Logistics & Industrial Outlook report for the second quarter of 2018. In total, 6.3 million sq ft was transacted between April and June this...
Wednesday, 18. July 2018

€3.2 billion invested in Italian commercial properties in the first half of 2018

In the second quarter of 2018 €1.7 billion (ca. 50 transactions) was invested in the Italian commercial real estate market (-40% compared to Q2 2017), according to a data analysis by BNP Paribas Real Estate. The volumes recorded from the beginning of the year amount to around €3.2 billion, confirming a drop (-35%) compared to...
Wednesday, 18. July 2018

Hamburg logistics property market records growth of almost 5% in the first half of 2018

With a letting volume of 230,000 sqm, the Hamburg logistics property market recorded growth of almost 5% in the first six months of this year compared with the same period of the previous year (220,000 sqm). According to the latest analysis by Realogis, this is in line with the five-year average (231,000 sqm) and represents t...
Wednesday, 18. July 2018

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