THE LATEST MSCI data, analysed by Colliers, shows supply of units sized 100,000+ sq ft has increased during the last three months, through the completion of 2.6m sq ft of available speculative space, as well as tenant space being returned to the market.
COLLIERS MAINTAINS that despite this the UK’s industrial and logistics sector remains buoyant, according to its latest research.
Elite Partners Capital has completed the acquisition of the distribution facility in North Wales for over £30 million.
NORTHWOOD URBAN Logistics has let units 1-9 (39,854 sq ft) at the new Festival Trade Park development, Kingsditch, Cheltenham to Selco Builders Warehouse.
SEGRO HAS instructed Colliers and CBRE to let SEGRO Logistics Park Northampton (SLPN), a five million sq ft logistics and industrial scheme with a new strategic rail freight terminal, adjacent junction 15 M1.
CAPITAL INVESTED in industrial and logistics assets in the Midlands almost doubled from its previous high in 2020 (£1.6bn) to £3.1billion in 2021, Colliers reports.
GARMIN HAS acquired a further 100,000 sq ft of operational space in Southampton to accommodate ongoing growth in Europe.
Realterm, a vertically integrated owner and manager of high flow through logistics facilities serving the transportation industry, has instructed Colliers and LSH to let two warehouses in Warrington (257,319 sq ft) and Long Eaton, Nottingham (261,904 sq ft).
ACCORDING TO the latest research by Colliers, industrial occupiers are in a race for space as the UK is experiencing the lowest level of supply ever recorded.
Chris Evans, international supply chain specialist at Colliers International, takes stock of the current situation in ports across the UK and considers what’s next for supply chain logistics in 2021.
2020 has been a historic year for industrial & logistics, says Colliers, with the sector outperforming retail and offices, and reaching record highs for take-up and occupational demand.
Colliers International’s Industrial and Logistics team, alongside joint agent, Drake Commercial, has let LF50 Lodge Farm Industrial Estate, Northampton, a 50,000 sq ft refurbished warehouse to Trans Global Freight Management on behalf of a private investor.
Carrington Gateway is a redevelopment by HIMOR of the former Shell refinery in Carrington, Manchester.
Research undertaken by real estate advisor Colliers suggest there may not be sufficient land to support rapid eComm expansion in the UK.
Latest research by Colliers International reveals that industrial and logistics letting activity remained buoyant in January and February 2020, yet March data shows that in general, occupiers have not been committing to signing new future leases.
Demand for warehouses has led to an all-time low in big shed availability, says Colliers, with just one and a half months’ worth of supply of large speculative developments (over 100,000 sq ft) available to meet current market demand.
Changes in consumer behaviour, driven predominantly by social distancing measures, will continue to stimulate eCommerce related logistics property requirements, Colliers predicts.
Research by Colliers International reveals that food production is currently up by 50%, due to panic buying and as a result, the COVID-19 pandemic has unleashed an uptick in flexible requirements for industrial and logistics assets.
Strong market fundamentals expected to drive the industrial sector to achieve another record year in 2020, says Colliers.
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