Kite Packaging has taken just a week to devise, design and supply a new protective face visor for the NHS – with 10,000 units dispatched within seven days. They used their team of 12 engineers to design concepts for the visor and a prototype was tested locally by medics last
Gazeley, a leading investor and developer of logistics warehouses and distribution parks, is expanding Magna Park Lutterworth, Europe’s largest dedicated logistics and distribution park, from its current 9 million SQ FT of floor space to 16 million SQ FT in the coming years. Development has begun on three speculative logistics
Residents needing specialist housing and care in Kendal, Cumbria will soon have a new facility to serve their needs, as leading energy and regeneration specialist ENGIE begins work on a £15.2 million Extra Care scheme. The development is being built on behalf of the leading not-for-profit, provider of Retirement Housing
An alert on fuel specifications for mobile and static plant powered by gas oil (red diesel) engines has been issued following feedback from owners and manufacturers. The alert advises owners and users of potential problems if the incorrect specification of fuel is used, particularly machines fitted with EU Stage V
GLP, a leading global investment manager and business builder in logistics, real estate, infrastructure, finance and related technologies, today announced that it has entered into an agreement to acquire Goodman Group’s Central and Eastern Europe logistics real estate portfolio, subject to regulatory approvals. GLP entered the European market in December
Nottingham Science Park has welcomed a new state-of-the-art office space to its premises. The Elizabeth Garrett Anderson building, named to honour Britain’s first female doctor and celebrate collaboration and innovation on the site, has officially reached completion. The new development provides space for growing firms to expand their research and
More than 10 million sq ft of warehouse space was under offer at the beginning of 2020 – a 233% increase since end of 2018, according to CBRE. In its latest trading update investor developer Tritax Symmetry chief executive, fund management, Colin Godfrey, said such figures looked promising for developers
The answer to your issue is yes. It’s likely to find a car loan when you’ve got bad credit ratings. Now allow me to clarify. Have you encountered installation financings? Inside this write-up, I shall surely explain why individuals select this way of growing credit and why people with bad
Having an iterative approach to processes is important in any company, but particularly in terms of the supply chain. Companies who manage large fleets need to avoid problems like mass breakdowns or accidents on the road, which they do with good preventative maintenance plans and fleet management strategies. If your
Kite Packaging has taken just a week to devise, design and supply a new protective face visor for the NHS – with 10,000 units dispatched within seven days. They used their team of 12 engineers to design concepts for the visor and a prototype was tested locally by medics last weekend to allow production to start as soon as possible. An initial batch will reach front line medical staff in the next few days and Kite is confident that they can produce 100,000 of the masks a week and will be able to supply them directly to help speed up supply to staff working for health trusts and organisations across the region and the UK. Gavin Ashe, Managing Partner of Kite, said: “Like many companies we wanted to help and realised that we had the capabilities in-house to design a face visor which would fit the requirements of the medics and workers who are on the front line of the fight against Coronavirus. “Once our engineers had finalised the concept and we spoke to a range of companies in the industry, they have all responded magnificently. “All of them realised the urgency of the requirement for protective ware and that we had the skills to turn around a product quickly. “One of the suppliers is Staeger in Coventry while two of the others are based in the wider region. I know there is really good work going on across this area and that the tradition of design and engineering, which is so embedded in regional industry, is well suited to undertaking this sort of work.” The visors are being supplied in kit form for the medical staff to put them together at the point of use which minimises packaging and speeds up distribution. The visors feature a foam forehead pad which allows them to fit all head sizes, and they allow for a medical mask to be worn underneath. They have so far been ordered by the George Eliot Hospital NHS Trust, University Hospitals Coventry & Warwickshire NHS Trust, Shropshire Healthcare Procurement Service (SHPS), Alliance Boots, Warwick Hospital (South Warwickshire NHS Foundation Trust), Guys and St. Thomas’ NHS Foundation Trust, North East London NHS Foundation Trust, and Royal Free London NHS Foundation Trust. Kite has previously worked with the Coventry and Warwickshire Local Enterprise Partnership (CWLEP) Growth Hub, and its Managing Director Craig Humphrey, said the speed of response underlined the engineering and manufacturing expertise of the area. He said: “Kite and their suppliers have been superb in their desire to help, the speed of their response, technical expertise and also their level of co-operation. There are companies across our area responding in similar way and they all deserve massive credit.”
Gazeley, a leading investor and developer of logistics warehouses and distribution parks, is expanding Magna Park Lutterworth, Europe’s largest dedicated logistics and distribution park, from its current 9 million SQ FT of floor space to 16 million SQ FT in the coming years. Development has begun on three speculative logistics and distribution units totalling 525,400 SQ FT and the units of 300,300 SQ FT, 126,300 SQ FT and 98,800 SQ FT will be available for occupancy in Autumn 2020. Gazeley is also preparing to construct a further unit of 746,500 SQ FT, subject to planning permission. In total Magna Park South, Lutterworth can accommodate 2.8 million SQ FT with build-to-suit options available in a range of sizes. In addition, a further extension to the Northern side of the park is also being developed on 225 acres of land, which will offer build-to-suit development options in a range of sizes with units from 100,000 SQ FT up to 1,000,000 SQ FT in a single unit, and overall up to 3.3 million SQ FT across the Northern side of the park. As a result, Magna Park Lutterworth will increase in size from its current 9 million SQ FT of floor space to a total of nearly 16 million SQ FT in the coming years. Both extensions to the park have been designed to include a range of leading sustainability features, including a fully landscaped country park with over one million trees already planted at Magna Park. The developments will also come equipped with online energy dashboards to help customers monitor energy usage, as well as rainwater harvesting and technology to optimise the use of natural light. In addition, the new buildings are expected to receive a BREAAM Excellent certification. Also planned, to further enhance the community benefits for the occupiers at Magna Park, are a series of new amenities, including wellness and recreation facilities and a lorry park, together with a Logistics Institute of Technology (LIT). Magna Park Lutterworth benefits from excellent transport links to the rest of the UK, with 59.3 million people, or 85% of the UK population, within four hours’ truck drive-time of the development, owing to its easy access to the M1, M6 and M69 motorways. Bruce Topley, Senior Development Director at Gazeley said: “Magna Park, Lutterworth is an iconic development, well known across the UK and Europe and recognised as an outstanding location for distribution and logistics, home to a host of leading companies and operators. “In light of the continued high demand for logistics space, particularly in this area, we are confident that these buildings will be a welcome addition to the market. Situated right in the heart of the “UK’s Logistics Golden Triangle”, the development is ideally suited to serve the fast-expanding supply chain operations of our customers.”
Residents needing specialist housing and care in Kendal, Cumbria will soon have a new facility to serve their needs, as leading energy and regeneration specialist ENGIE begins work on a £15.2 million Extra Care scheme. The development is being built on behalf of the leading not-for-profit, provider of Retirement Housing and Extra Care, Housing 21. Consisting of 80 apartments and 24 stand-alone bungalows, the aim of the development is to help older people maintain their independence, with access to care and support as and when needed from a 24-hour, on-site care team. The Oxenholme project is the second Extra Care scheme ENGIE is currently building on behalf of Housing 21, with work on a similar £10m project in High Bentham in the Yorkshire Dales reaching the halfway mark of its development recently. In addition to this, ENGIE will also be working on another three Extra Care builds in Cumbria over the coming months, with a value of approximately £60million. Extra Care is a sector that ENGIE knows well, as a previous Extra Care development with Housing 21 – Casson Court in Doncaster – scooped the Best Partnership prize at the 2018 Inside Housing Awards, thanks to the close working relationship between ENGIE, Housing 21 and Doncaster Council. That expertise is being brought to the development, with work expected to be complete on the project in the summer of 2021. Lee Francis, Area Director at ENGIE, said: “This new development will allow more than 100 local residents to retain their independence, while living in beautiful surroundings and having the care they need close at hand. “ENGIE has a long track-record of creating high-quality Extra Care developments and we are pleased to be continuing our partnership with Housing 21 and making this scheme a reality.” Siobhan Moore, Director of Development at Housing 21 said: “We are delighted to bring our Extra Care offering to Oxenholme. We believe there is a real need for this type of housing, which enables people to continue to live independently, whilst receiving quality support. “All of our schemes are built with community in mind and upon opening this scheme will offer a number of jobs to local people, as well as the creation of a great place for the community to come together. “The feedback from our latest developments has been great so far, with award wins and a vast number of show home viewings from the public. We can’t wait for another Extra Care launch and look forward to meeting people in Oxenholme!” she added.
An alert on fuel specifications for mobile and static plant powered by gas oil (red diesel) engines has been issued following feedback from owners and manufacturers. The alert advises owners and users of potential problems if the incorrect specification of fuel is used, particularly machines fitted with EU Stage V engines. This is because engines used in modern construction plant are becoming more sophisticated to reduce exhaust emissions and improve fuel consumption and can be a particular problem for engines designed to meet stage V emission requirements. It is therefore essential that plant owners and users are using the correct fuel for their machines, as specified by the plant manufacturer. Some manufacturers have reported cases of fuel filters on later designed engines blocking where incorrect specification fuels are used and state that where filters are not changed, possible damage to the fuel and after treatment systems, especially on stage V engines, can occur with the results being potentially extremely expensive. With plant manufacturers continuously improving the technologies used within plant diesel engines, plant owners and users are strongly advised to check that the fuel obtained or used by themselves or their customers complies with the plant manufacturer’s specification and contact the manufacturer if need be to check the fuel requirements for their machines. If the incorrect specification fuel is used, it can and has resulted in costly engine breakdowns and recovery costs. There is also a possibility that a manufacturer’s warranty would be void. Where plant is on site for long periods or hired on a non-operated basis, it is essential that all plant users are made aware of the correct fuel specification by the plant owner, as the user or a designated person or persons will generally be responsible for refuelling the machine and that the information has cascaded down to all those involved. The information alert provides information on the different fuel specifications that are available and the potential problems and can be downloaded from: https://www.cpa.uk.net/technicalalerts/
GLP, a leading global investment manager and business builder in logistics, real estate, infrastructure, finance and related technologies, today announced that it has entered into an agreement to acquire Goodman Group’s Central and Eastern Europe logistics real estate portfolio, subject to regulatory approvals. GLP entered the European market in December 2017 through the acquisition of Gazeley, a developer, investor and manager of European logistics warehouses and distribution parks with a 2.4 million sqm portfolio across the UK, Germany, France, Spain, Italy, Poland and the Netherlands. The addition of this unique, high-quality portfolio that is spread across Poland, Czech Republic, Slovakia and Hungary will expand GLP’s European presence to 10 countries and it will join a select number of logistics real estate investors with a truly pan-European portfolio. The acquired 2.4 million sqm portfolio is concentrated on key logistics routes across the region with access to growing markets for e-commerce and distribution. It will bring a number of new customers into the business and allow it to better support existing customers with their expanding supply chain requirements across Europe in Poland, Czech Republic, Slovakia and Hungary. In addition, Goodman Group’s Central and Eastern European approximately 40-person team working in the region will join GLP’s European team, Gazeley, upon completion of the transaction and will support the Company’s growth across Europe. The acquisition of the portfolio follows a broader European expansion since GLP entered the market at the end of 2017. In the past year, it has opened offices in both Spain and Italy following of a number of development opportunities. Nick Cook, Chief Executive Officer, Gazeley, said: “This deal is a very exciting part of our European growth strategy. The scale and geographic footprint of the portfolio is highly complementary to our existing business and offers us compelling opportunities for growth in a number of important European markets. We are confident that the addition of this portfolio will support us in delivering further value to investors and our customers. We very much look forward to welcoming the team, its customers and partners to Gazeley in the coming months.” Kirkland & Ellis served as legal counsel to GLP, with Greenberg Traurig and Kinstellar providing local legal advice. Cushman & Wakefield served as advisors to GLP and Goldman Sachs and Citi have committed to finance the acquisition.
Nottingham Science Park has welcomed a new state-of-the-art office space to its premises. The Elizabeth Garrett Anderson building, named to honour Britain’s first female doctor and celebrate collaboration and innovation on the site, has officially reached completion. The new development provides space for growing firms to expand their research and development facilities near like-minded businesses. It includes a café, an 80-space car park and a conference space, allowing companies to host conferences and events, creating a central hub for networking across the entire Nottingham Science Park site. Designed by CPMG Architects and built by Willmott Dixon, the building incorporates a daring and dramatic cantilever at its entrance and the façade is a pattern of modules in a combination of glazed elements and aluminium cladding panels, the latter finished in contrasting dark grey and gold colours. Stuart Kerr, operations director for Willmott Dixon in the East Midlands said: “We are really proud to have helped deliver this important scheme for Nottingham and Nottingham City Council, which will really shape the city centre and create a hub for research and development. As with all our projects we aim to give back to the local community, making a difference to real people. “During the project, we teamed up with social enterprise Think Big Academy to deliver a careers event on the live construction site, this attracted 100 young people and resulted in over 20 work experience enquiries. We also created jobs for an additional six local people on the scheme, alongside having seven apprentices on the site while also providing work experience opportunities for students of Nottingham College.” Stuart added: “In tandem with the project, our site team worked with Nottingham’s Emmanuel House – by helping it secure funding and refurbish its dilapidated facilities – we donated hundreds of Willmott Dixon hours and secured support from our partners including CPMG to deliver a fantastic result. We are also incredibly proud that Katie Butler, our commercial lead on this project, won in the Women in Construction category at Nottinghamshire Live’s Women in Business Awards 2019 for her amazing work locally.” Willmott Dixon worked together with Perfect Circle, a property, construction and infrastructure consultancy comprising of Pick Everard, Gleeds and AECOM, via The Scape National Built Environment Consultancy Services framework. Construction of the new building has been part funded by the D2N2 Local Enterprise Partnership (LEP). Councillor David Mellen, leader of Nottingham City Council, commented: “Nottingham has long been a city of scientific innovation with the MRI, ibuprofen and the legacy of Jesse Boot and expanding our reputable Science Park supports our ambitions to continue to be a city of innovation and creativity. “Providing more Grade A office space in the city is a long held ambition of the city to meet the demands of potential tenants and so far it looks as though there’s been good interest in the Elizabeth Garrett Anderson building, given its proximity to the Boots Enterprise Zone, University of Nottingham, the tram, the M1 and the city centre. “As a Science City, we know scientific research and new innovations like fintech can create jobs, stimulate growth and keep talented graduates in the city and are committed to this with our £2bn Southside regeneration programme.”
More than 10 million sq ft of warehouse space was under offer at the beginning of 2020 – a 233% increase since end of 2018, according to CBRE. In its latest trading update investor developer Tritax Symmetry chief executive, fund management, Colin Godfrey, said such figures looked promising for developers and investors in the logistics property sector. “Occupier take-up looks promising for 2020 with over 10 million sq ft of lettings reported to be under offer and carried over from 2019,” said Godfrey. “Speculative supply has slightly decreased from 2018, but importantly reduced by circa 50% for buildings over 500,000 sq ft, where demand continues to outstrip supply. Attractive levels of rental growth are therefore expected to continue. “The market for very large Big Box logistics assets continues to display strong fundamentals for 2020 and the longer term. Structural tailwinds are supportive as occupiers upscale the size of their logistics assets to further increase efficiency, reduce costs and rationalise their supply chains, in the face of the rapid transition to omni-channel purchasing by consumers.” Big box availability decreases However, according to CBRE, the UK’s Big Box logistics availability slightly decreased through 2019 to just over 27 million sq ft. Take up in 2019 topped 25 million sq ft means that on last years’ take up figures there is approximately just over one years’ supply going forward. There were 92 deals were signed throughout 2019. Of that 43.4% of the space taken related to units between 100,000 and 300,000 sq ft, resulting in an average deal size of 275,858 sq ft. 3PLs providers took the most space during 2019 (accounting for 22.7% of take- up), with online retailers on second position (22.1%) and the motor industry completing the podium (18.3%). Spec shed development increases Meanwhile, over the course of 2019, available supply – including speculative space under construction – rose by 15% according to the latest research from JLL. Jon Sleeman, director of UK research at JLL, said: “We saw more speculative starts take place in 2019 and at the end of the year there was 5.1 million sq ft speculatively under construction. We expect to see further speculative development take place this year but overall, against a backdrop of good levels of demand in the market, we are not anticipating an increase in our national vacancy rate this year.” Quiet Q4 for warehouse property market Finally Gerald Eve’s latest Prime Logistics report states that the last quarter of the year was hit by ‘economic and political uncertainty in the UK’. Take up was 24% lower than Q3, with 10.5 million sq ft taken-up in Q4, the overall volume was 11% below the 5-year quarterly average but in line with the 10-year average. Overall take-up during 2019 totalled 47 million sq ft, which was 7% down on 2018, but comfortably above the 10-year annual average.
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