The latest research from Searchland, the development site sourcing specialists, has revealed that industrial land plots are the only land type to have seen an increase in property development interest since the first quarter of this year. Searchland’s Land Development Demand Index monitors appetites for land plots across England based
Sherburn2 is set for further expansion, with detailed plans submitted for 515,990 sqft of prime logistics and manufacturing space, with a gross development value of £67.9 m. Family-owned, Yorkshire property company Glentrool Estates Group Limited is transforming the 85-acre Sherburn2 at Junction 42 of the A1(M) into a first-class logistics
Canmoor secures planning consent for 300,000 sq ft of speculative industrial development Canmoor has secured planning consent from Renfrewshire Council to develop 300,000 sq ft of brand new speculative space on a 13-acre site at Westway, next to Glasgow Airport. The £25m development will consist of two high-quality industrial/warehouse units
This project serves as the inaugural development awarded to Glencar and comprises of five separate units that range from 19,000 sq. ft to 53,700 sq. ft in size. Glencar, a leading UK construction company that was recently ranked amongst Europe’s fastest growing businesses, has today announced that it has been
Cable management specialist, HellermannTyton, has completed a multi-million-pound expansion to its Plymouth factory with an official opening due to take place in July. Based at the Plymouth International Medical and Technology Park in Derriford, HellermannTyton has doubled the size of its current factory by adding a new 3,439 m2 production
Darren Freed has joined Prologis UK as a Director within the Real Estate and Customer Service team in a newly created role for the company. He joins the UK’s leading owner, developer and investor of logistics property with 20 years of experience in asset and fund management. Previously employed by
Glencar, a leading UK construction company that was recently ranked amongst Europe’s fastest growing businesses, has recently confirmed that it has been awarded a contract by privately owned commercial property development company Rula Developments and specialist European real estate investor Blackbrook to build a new 190,598 sq ft speculative industrial
Real estate developer, Firethorn Trust, has secured the final letting at Ascent Logistics Park, a net-zero logistics development in Leighton Buzzard. Firethorn Trust is acting as asset and development manager on behalf of the scheme’s owner, privately-held investment firm, Cain International. All eight units are now let at Ascent Logistics
GLP, the leading global business builder in logistics, digital infrastructure, renewable energy and related technologies, is set to speculatively develop 1.4 million SQ FT across four units in Magna Park Lutterworth (MPL), reflecting the sustained expansion and success of Europe’s largest dedicated logistics park. GLP has received detailed planning permission
With construction work now well underway, progress is taking shape on-site at Leeds Valley Park, with three of the six steel unit frames now erected and fit-out due to commence imminently. This £26.2 million construction project is set to bring six high quality, modern industrial units ranging in size from
The latest research from Searchland, the development site sourcing specialists, has revealed that industrial land plots are the only land type to have seen an increase in property development interest since the first quarter of this year. Searchland’s Land Development Demand Index monitors appetites for land plots across England based on the number of available opportunities within the market that have already been snapped up by developers.* The latest index shows that developer demand has cooled during the second quarter of this year, down -2% since Q1. However, demand remains robust with 45% of all available land plots having already been sold subject to contract. The East Midlands (+1%) and London (+0.4%) are the only regions to have seen positive movement when it comes to the quarterly change in developer demand across the board. Land only plots remain the most in-demand development plot with current demand at 46%, although the appetite for such opportunities has cooled by -2% since the start of the year. London is the only region to have seen a quarterly boost in land only development demand. Farm land also remains popular with current demand at 43%, although again, this is some -4% off the pace set during Q1. However, the North East (+23%), East of England (+17%), North West (+10%) and East Midlands (+7%) have all seen positive growth in demand for farm development opportunities. Industrial development sites are not only the third most in-demand in Q2 at 38%, but they are also the only development type to have seen positive quarterly growth overall. Demand for industrial development opportunities has crept up by 0.4% since the start of the year, with Yorkshire and the Humber driving this growth where all industrial development plots are currently sold subject to contract. Demand for commercial and residential plots sits at 35% a piece, with both sectors seeing a respective reduction in demand of -1% and -4%. Co-founder and CEO of Searchland, Mitchell Fasanya, commented: “Developer appetites remain highest for land only plots as it allows them the freedom to realise their ambitions from the ground up, however, it’s clear that the wider economic picture is starting to dampen their enthusiasm with demand declining since the start of the year. In fact, industrial plots are the only land type to have seen a marginal uplift in this respect although there is positive movement across almost every land type when breaking the market down on a regional level. Demand remains lowest for both residential and commercial plots and with interest rates continuing to climb while market values stagnate, we expect this to remain the case throughout the remainder of the year.” Data tablesData tables and sources can be viewed online, here. Building, Design & Construction Magazine | The Choice of Industry Professionals
Sherburn2 is set for further expansion, with detailed plans submitted for 515,990 sqft of prime logistics and manufacturing space, with a gross development value of £67.9 m. Family-owned, Yorkshire property company Glentrool Estates Group Limited is transforming the 85-acre Sherburn2 at Junction 42 of the A1(M) into a first-class logistics and manufacturing park. Collectively, the £157.9 million development has the capacity to create over 1450 quality, sustainable, full-time equivalent jobs. The Reserved Matters detailed planning application for the North and South phases of Sherburn2 will open the remaining 25.5 acres. The South phase (S2 374) can accommodate up to a single unit of 374,000 sqft, whilst the North phase (S2 North) will provide 141,990 sqft in 5 units with sizes from 2,850 sqft to 48,330 sqft. The development will boast strong sustainability credentials with extensive landscaping, including new combined cycle and footpaths, communal areas, a woodland walk and an Excellent BREEAM target. Construction is already underway for the £87m 660,000 sqft East phase, due to be complete in October 2023. Director of Glentrool Estates Group Limited, Jeremy Nolan, said, “With the growing success of the East phase, Glentrool Estates Group Limited has invested in the reserved matters planning application for the North and South phases to accelerate delivery for occupiers. The submission of the Reserved Matters application reinforces the regional importance of this significant employment site which compliments the emerging housing supply and large, skilled workforce in the Selby District. The continued success of Sherburn2 reflects the superb location, quality of product and Glentrool’s proven track record of delivering buildings to cater for the forward-thinking occupier. With the completion of the Spine Road in May 2023, S2 North and S2 374 are gearing up for delivery; we anticipate high levels of interest in the variety and flexibility of space available.” Cllr. Derek Bastiman, North Yorkshire Council Executive Member for Open to Business, said, “We welcome this significant investment into the Sherburn2 site. There has been a long and positive relationship with Glentrool to unlock the potential of this site, which will bring significant new business and jobs into North Yorkshire. We also applaud the commitment to sustainable design and see great potential to attract high-quality jobs at this premier logistics and manufacturing park.” Colliers and Carter Towler are the appointed agents for S2 North and S2 374. Ian Greenwood of Carter Towler said, “It is excellent news that Glentrool Estates Group have committed to lodging this application. The market continues to be characterised by demand materially outstripping supply. The lack of supply of quality new premises, particularly in the mid-box sector within West and North Yorkshire, is a major frustration to the expansion plans of many of the region’s companies. We are certain that once these units are brought to market that they will be occupied very quickly.” Building, Design & Construction Magazine | The Choice of Industry Professionals
Canmoor secures planning consent for 300,000 sq ft of speculative industrial development Canmoor has secured planning consent from Renfrewshire Council to develop 300,000 sq ft of brand new speculative space on a 13-acre site at Westway, next to Glasgow Airport. The £25m development will consist of two high-quality industrial/warehouse units of 86,630 sq ft and 202,230 sq ft, to be known as “Westway 90” and “Westway 200” respectively. The larger unit will be capable of being split into two units of 91,110 sq ft and 118,140 sq ft. The development will provide quick and direct access from Westway to Junction 28 of the M8, via the recently opened Barnwell Street Bridge, as well as to Glasgow Airport and across the Advanced Manufacturing Innovation District Scotland (AMIDS). It will be adjacent to the recently opened Filshill distribution centre and has the potential to attract further new businesses and bring employment opportunities to the area. The units will be designed to a high specification, of steel portal frame construction, with eaves heights of 12.5m. Each will feature ample dock leveller loading bays and also provide high quality offices. There will be dedicated car parking, generous HGV parking and an extensive yard, of up to 50 metres deep. Sustainability is at the heart of development at Westway, with each unit designed as all electric, targeting BREEAM “Excellent” and EPC ratings of “A”. Further green credentials include electric car charging points, provision for PV panels and air source heat pumps. This all combines well with further ESG initiatives across the entire estate. A preferred main contractor has been identified and the development is expected to commence in July, with the units being available for occupation in Q4 2024. Gregor King, Canmoor’s Asset Manager at Westway said: “We are committed to continually improving the standard of accommodation at Westway, through ongoing investment and firmly believe the development of this “best in class” high quality sustainable industrial/logistics space will be very well-received in the Scottish market. “The exceptional connectivity, including convenient access to Glasgow Airport and the M8, further adds to its appeal. Westway stands out as one of Scotland’s most well-connected industrial and logistics parks, benefiting from 24-hour security. “With this outlook, exciting times lie ahead as Canmoor continues its ongoing investments.” Gavin Newlands, MP for Paisley and Renfrewshire North added: “Having the capacity to provide additional quality industrial and logistics space is incredibly positive news for Renfrewshire and the wider west of Scotland region. “This development will attract more businesses to establish their presence here, fostering job creation in the process.” Westway is Scotland’s largest fully enclosed industrial park and currently offers over 1,700,000 sq ft of multi-let space. Set on a 135-acre self-contained site next to Glasgow Airport and within the Advanced Manufacturing Innovation District Scotland (AMIDS), it is home to a range of local, national and international businesses including Altrad, Babcock, Malin Group, Renewable Parts, DSV Logistics, AMG Group, Steder Group, Star Refrigeration, Kintetsu World Express, The National Manufacturing Institute Scotland, Boeing and Bullet Express and JW Filshill. Situated in a spacious landscaped site, Westway is easily accessible by car, commercial vehicle and public transport. Conveniently positioned only 10 miles west of Glasgow city centre, the park has direct access to an extensive transport infrastructure. It offers quality accommodation within a 24-hour secure environment. Iain Davidson, Director of Colliers added: “Westway stands as a premier industrial and logistics destination in Scotland, consistently drawing substantial interest from local and regional businesses seeking occupancy. The Scottish market eagerly awaits such developments, and with its prime location and exceptional connectivity, we expect strong demand for this highly sought-after speculative project.” Canmoor’s joint leasing agents are JLL and Colliers, with management by Knight Frank. Further information on can be found at: (BROCHURE) Building, Design & Construction Magazine | The Choice of Industry Professionals
This project serves as the inaugural development awarded to Glencar and comprises of five separate units that range from 19,000 sq. ft to 53,700 sq. ft in size. Glencar, a leading UK construction company that was recently ranked amongst Europe’s fastest growing businesses, has today announced that it has been appointed by leading international real estate developer specialising in industrial real estate and warehouses, Panattoni, to build a multi-unit industrial scheme at Brighton City Airport. The development, being marketed as Panattoni Park Brighton is being developed speculatively and comprises of five new build industrial and logistics units ranging from 19,000 to 53,700 sq. ft. The works which commenced at the start of June will comprise of the design and build of each of the industrial units, including associated external works, services, infrastructure and landscaping. The project is situated adjacent to Brighton City Airport and includes works to the public highway. It is also targeted to be a BREEAM excellent development. The development is expected to complete by May 2024. Commenting on the announcement, Eddie McGillycuddy Glencar CEO said: “As Europe’s largest developer of logistics property, Panattoni have an extensive development pipeline and we are very happy to be working together and to be appointed for the first time on this standout south coast development. It’s also a hugely significant appointment for us as it once again confirms that Glencar is the preferred partner for all of the major industrial and logistics real estate developers as a result of our industrial leading credentials and consistently high performance and delivery. We very look forward to working with Panattoni and full project team, including project managers KAM Project Consultants and architects HTC Architects to deliver an outstanding final product”. Situated adjacent to Brighton City Airport and the A27 dual carriageway, Panattoni Park Brighton will deliver much-needed Grade-A space within this fast-growing region ideally set-up for last mile delivery operations looking to address consumer markets clustering the south coast. Building, Design & Construction Magazine | The Choice of Industry Professionals
Cable management specialist, HellermannTyton, has completed a multi-million-pound expansion to its Plymouth factory with an official opening due to take place in July. Based at the Plymouth International Medical and Technology Park in Derriford, HellermannTyton has doubled the size of its current factory by adding a new 3,439 m2 production facility. The new site expansion will support recent developments across a variety of sectors including rail, automotive and defence, which has caused a 60% growth in business at the site. The expansion features a bespoke extrusion hall, high-speed extrusion lines and state-of-the-art feed systems which have allowed HellermannTyton to increase its manufacturing capacity. The new site also gives the company the ideal combination of production space, warehouse storage, access to shipping docks, as well as innovative machinery. Barry Phelps, Commercial Sales Manager for HellermannTyton, comments: “We are delighted to announce that our new Plymouth site will be opening in July. This expansion has been made possible by the hard work and commitment of our dedicated team and we are keen to see the amazing work and solutions that will be created at our state-of-the-art new facility. “The expansion is also part of our decade-long plan to reinforce our status as the leading supplier of cable management solutions, and with this, comes our commitment to preparing the next generation of manufacturers,” said Barry. “The new investment means we can flourish as a local employer; creating nearly 100 new jobs and providing a training academy and research and development labs to give a boost to both the local economy and the future of cable management solutions.” As a global manufacturer that offers high-performance fastening, connecting, protecting, and identifying cable solutions, HellermannTyton works with a diverse range of industries and key manufacturing processes at the factory have been implemented to create solutions for a multitude of industries such as aerospace, solar and electrical. Building, Design & Construction Magazine | The Choice of Industry Professionals
Darren Freed has joined Prologis UK as a Director within the Real Estate and Customer Service team in a newly created role for the company. He joins the UK’s leading owner, developer and investor of logistics property with 20 years of experience in asset and fund management. Previously employed by Aviva Investors as a Director of Real Assets, Darren successfully repositioned assets totalling £2bn assets under management across Aviva Investors’ real estate business. Specialising in commercial real estate development and JV stakeholder management, he was previously responsible for managing a range of asset classes in UK real estate and running a team of asset managers across a variety of funds. His new role will create and execute strategies to maximise income and capital returns and his experience will grow Prologis UK’s Asset Management team, with a focus on deployment of strategic business planning, placemaking, and value-add opportunities. Darren will also deploy these skills to ensure assets earmarked for redevelopment are capable of being converted to sites ready for capital deployment. This will target lifecycle asset management through repositioning older assets and working with the variety of stakeholders to drive occupancy, value, and NOI improvements. Prior to Aviva, Darren was formerly at Hammerson and JLL. Darren is a Member of the Royal Institution of Chartered Surveyors. Building, Design & Construction Magazine | The Choice of Industry Professionals
Glencar, a leading UK construction company that was recently ranked amongst Europe’s fastest growing businesses, has recently confirmed that it has been awarded a contract by privately owned commercial property development company Rula Developments and specialist European real estate investor Blackbrook to build a new 190,598 sq ft speculative industrial development at its Fulwood Park development in Nottingham. The development will comprise of a state-of-the-art distribution centre and offices, complete with car park, 50M service yard, site access and associated external services. It will be built to be BREEAM Excellent rated. Construction of the facility commenced during April 2023 and is expected to take 46 weeks with the development expected to be available for occupation by the start of April 2024. Being marketed as Fulwood 190, the 14-acre development is situated on the established Fulwood Industrial Estate, which is adjacent to the A38 (Alfreton Road) and approximately 1.5 miles from Junction 28 of the M1 motorway. J28 is recognised as the largest strategic cluster of distribution space in the northern part of the East Midlands. Commenting on the project Eddie McGillycuddy, Glencar CEO: “This is the second instruction we have received from Rula Developments to date and we are absolutely delighted to back on site delivering for them. It was a great experience for the team and I to be on site for the ground-breaking ceremony on Wednesday 7th June to get this project fully up and running. This partnership is a testament to Glencar’s unwavering commitment to excellence and customer satisfaction through repeat business. We are thrilled to bring our expertise and dedication to this scheme, ensuring the successful realisation of Rula and Blackwood’s vision in this important location within a well-established logistics cluster in the East Midlands.” Building, Design & Construction Magazine | The Choice of Industry Professionals
Real estate developer, Firethorn Trust, has secured the final letting at Ascent Logistics Park, a net-zero logistics development in Leighton Buzzard. Firethorn Trust is acting as asset and development manager on behalf of the scheme’s owner, privately-held investment firm, Cain International. All eight units are now let at Ascent Logistics Park, with the final 48,639 sq ft unit to be occupied by Next plc, the British multinational clothing, home and beauty products retailer. The 25.5-acre industrial development comprises highly-specified Grade A logistics space – ranging from 14,533 to 125,510 sq ft – and has attracted occupiers from a variety of sectors. Next plc joins existing tenants AS Colour, HCA UK, Tate Business Group, Spreetail, Airbox UK, Solution EU and Stone Hardy at the scheme, which reached completion last May. Accredited by the UK Green Building Council for its net-zero carbon construction, Ascent Logistics Park is rated BREEAM ‘Excellent’ and offers a modern, future-proof specification that will provide tangible and long-lasting benefits for both occupiers and the environment. Chris Beer, Senior Associate at Firethorn Trust, said: “We’ve worked in close collaboration with every occupier to ensure they can benefit from a high-quality and flexible warehousing space, which is designed to fully support their operational requirements, strengthen future business plans and empower their ESG commitments. Ascent is a bold, ambitious and forward-thinking development that will place every tenant in a prime position for growth.” Tim Brazier, Senior Vice President at Cain International, said: “We’re delighted to reach this significant milestone at Ascent Logistics Park, with the scheme fully let within 12 months of completion. Ascent’s popularity with such a diverse range of tenants reflects the scheme’s excellent specification, underpinning our belief that high quality spaces with a focus on sustainability will continue to thrive in a competitive market.” For more information, visit www.ascentlogisticspark.co.uk
GLP, the leading global business builder in logistics, digital infrastructure, renewable energy and related technologies, is set to speculatively develop 1.4 million SQ FT across four units in Magna Park Lutterworth (MPL), reflecting the sustained expansion and success of Europe’s largest dedicated logistics park. GLP has received detailed planning permission for four new warehouses, three in Magna Park South, MPS Unit 9 (388,000 SQ FT), MPS Unit 10 (119,000 SQ FT) and MPS Unit 11 (136,000 SQ FT) and one building in Magna Park North, MPN 5, measuring 761 000 SQ FT. All units are due for practical completion by the end of Spring 2024. MPN 5 will be a Breeam Outstanding building with all three other developments planned to achieve Breeam Excellent. Each unit will be net-zero in construction and independently certified by the Planet Mark. GLP will also be supporting customers to reduce energy and operational costs, by providing a complimentary Planet Mark program to help monitor, track and reduce their respective carbon footprint. The buildings will be designed to WELL principles with the occupiers in mind, with GLP aiming to provide a more productive and pleasant working environment for employees. In addition, GLP are currently building a 200-acre Country Park enhancing the park’s facilities and providing recreation areas for both customers and the wider community. Last year, GLP also partnered with North Warwickshire and South Leicestershire College, and Wincanton to house The Centre for Logistics, Education and Research (CLEAR) – a unique research, innovation, education, and training facility for both customers on the park and the wider logistics industry. Magna Park Lutterworth now has only one building available to lease, MPS 5 (187, 253 SQ FT), with a further two build to suit plots available for development, MPN 7 (411,000 SQ FT) and MPN 6 (840,000 SQ FT). In the last two phases of spec development, the park has welcomed customers such as Bleckmann, Iron Mountain, LX Pantos and Unipart. This underlines the sustained levels of new and repeat customer demand for the high-quality environment that Magna Park Lutterworth offers, which now consists of 47 buildings and is over 13m SQ FT. Joe Garwood, Senior Development Director at GLP, remarks: “We are extremely pleased to announce such a significant level of speculative build across our flagship UK logistics park. This is a testament to our confidence in the resilience of the UK logistics market and the strategic importance of the Midlands in particular. We have seen huge success with our speculative development programme at Lutterworth to date, attracting a wide range of top-tier customers, and we’re confident that we will see strong demand for this new space. Once finalised and occupied, the four units will generate hundreds of employment opportunities and contribute towards the economic growth and commercial upskilling of the Midlands region.” Building, Design & Construction Magazine | The Choice of Industry Professionals
With construction work now well underway, progress is taking shape on-site at Leeds Valley Park, with three of the six steel unit frames now erected and fit-out due to commence imminently. This £26.2 million construction project is set to bring six high quality, modern industrial units ranging in size from 25,000 sq ft to 70,000 sq ft. The units have heights ranging from 8 to 12 metres, dock level access to all except the smallest unit, office and welfare accommodation on the first floor, with LED lighting and Air Source Heat Pumps. They offer excellent space for a wide range of logistics, distribution and manufacturing uses. All six buildings have been designed with sustainability in mind and are set to achieve a ‘Very Good’ BREEAM rating upon completion, and target EPC A rating. An attractive proposition for occupiers looking to future-proof, by design, the development will be PV ready/installed, as well as including electric vehicle charging points and cycle provision. The units have a fantastic location in south east Leeds and the site benefits from being situated between Junction 44 of the M1 and Junction 7 of the M621, enabling great connectivity to Leeds, the local motorway network and beyond. Work so far completed includes the cladding and glazing on the first unit and the installation of mains services and primary drainage, with construction of the fourth steel frame nearing completion. The next phase of works will include further cladding and glazing, internal concrete slabs and substation installation. Fit-out works are also due to commence imminently, with overall completion scheduled for November this year. The flagship employment site has been brought forward by multi-sector property developer, Caddick Developments in conjunction with owners Greater Manchester Pension Fund, with Caddick Construction leading project delivery. Working in partnership across the Caddick Group, the two businesses have undertaken swift and efficient delivery, bringing much-needed Grade A industrial space to Leeds and providing a welcome economic boost to the local area, supporting >300 jobs during construction, with an additional 500 jobs created when the units are occupied. Avison Young, as retained advisor to the Greater Manchester Pension Fund (GMPF), advised on the purchase, and is now actively marketing the site, alongside joint agents, Carter Towler. Paul Dodsworth, Managing Director at Caddick Construction commented: “It’s brilliant to see this flagship employment scheme really start to take shape at Leeds Valley Park. Once complete, this development will offer local businesses a great opportunity to map their operations only 15 minutes from central Leeds, just between Junction 44 of the M1 and Junction 7 of the M621. “Working alongside Caddick Developments means that we can ensure the very best service across the board, efficient processes are in use and all aspects of the development and operations married with the vision from Caddick Developments.” Jim Dyson, Director at Caddick Developments, also commented: “When it comes to urban logistics, connectivity is key, and Leeds Valley Park benefits from the unrivalled motorway connections of Leeds’ premier industrial and distribution location. “Our work with Caddick Construction to bring forward this 300,000 sq ft scheme is a great example of how the Caddick Group has the agility to collaborate across disciplines and create exemplar, market-leading developments that meet the needs of different locations and occupiers.” Rob Oliver, Principal at Avison Young, advised: “The units are attracting considerable interest from both companies already in the area, and are looking to establish a first Leeds facility. We are in active discussions with a number of parties, looking to take occupation of a new, high specification, sustainable, facility before the end of the year.” Building, Design & Construction Magazine | The Choice of Industry Professionals