FI Real Estate Management (FIREM) has submitted plans to Chorley Council for a major 1.3 million sq ft industrial development, strategically positioned on 100 acres near the Chorley and Blackburn border at Junction 3 of the M65. Designed to address a regional shortage of large industrial spaces, the project proposes two substantial units to meet growing demand for logistics and industrial facilities in the area. The proposed development is anticipated to bring significant economic benefits, with FIREM estimating up to 1,300 new jobs and a boost of nearly £400 million to the local economy. Although the site falls within the Green Belt, the Central Lancashire Local Plan has earmarked the M65 corridor in Chorley as a key area for future employment and development. Tim Knowles, founder and managing director of FIREM, highlighted the strategic importance of the scheme: “There are currently no commercial spaces of this scale in the region. This development will attract a new wave of businesses to Chorley and drive job creation for the local community.” This ambitious proposal follows FIREM’s ongoing redevelopment of the Botany Bay site, a three-phase, 1 million sq ft project off Junction 8 of the M61. “Our latest plans aim to draw more inward investment into Chorley and its surroundings. As a long-term investor, we’ll manage this site as a driver for future growth in the region,” Knowles added. FIREM’s expansion has been rapid, with the firm currently delivering 2.3 million sq ft of new-build space in Chorley, alongside a prominent presence on Wrexham Industrial Estate, where it holds a 3.1 million sq ft portfolio. Nationwide, FIREM’s holdings span 15 million sq ft, underscoring its role as a key player in the UK’s industrial and logistics landscape. Building, Design & Construction Magazine | The Choice of Industry Professionals

Associated British Ports (ABP) has secured 21 acres of land to support the ongoing expansion of the Port of Immingham, the UK’s largest port by tonnage. The newly acquired site, located along Humber Road and Rosper Road, has a live hybrid planning application in place, proposing up to 300,000 sq ft of new industrial buildings or 16 acres for open industrial storage. North Lincolnshire Council planners are expected to make a decision on the application soon. Andrew Dawes, Director of Humber Ports, commented: “Acquiring this strategic site on the western edge of the Port of Immingham is essential to extending our footprint and ensuring that the Port can continue to grow in line with the needs of our customers on the Humber. As the nation’s busiest port by volume, Immingham handles around 46 million tonnes of cargo each year, making this expansion critical to maintaining our role as a gateway to Keep Britain Trading.” ABP’s Head of Property, Greg Lacey, added: “This acquisition is another significant step for the UK’s largest port by tonnage, following our purchase of the Stallingborough Interchange last year. We’re seeing high demand for warehousing to support traditional bulk cargos as well as industrial open storage. With its proximity to major players like Phillips 66 and Prax, the site could play an important role in broader energy projects focused on generation and storage. This aligns with ABP’s mission to Enable the Energy Transition and contribute to the Humber’s decarbonisation.” The new acquisition underscores ABP’s commitment to enhancing the Port of Immingham’s capacity to meet growing demand, positioning it as a central hub for the UK’s industrial and energy sectors. Building, Design & Construction Magazine | The Choice of Industry Professionals

SEGRO plc (“SEGRO” or the “Group”) announces the sale of SEGRO Park Victoria Road in Park Royal, West London to the Imperial College London (‘Imperial’) for a base consideration of £115 million, a premium to book value. The 10-acre urban warehouse estate has been owned by SEGRO since the acquisition of Brixton plc in 2009. SEGRO has actively managed the estate and grown rents significantly since it took ownership, but the age and layout of the estate has meant that the recent strategy has been to secure vacant possession to facilitate redevelopment. Consequently, the estate is 64 per cent occupied and generates rental income of £3.2 million. Imperial will operate the site to provide commercial science innovation facilities to early-stage companies with interests aligned with the university’s academic mission as part of the ‘WestTech Corridor’, a new globally competitive innovation ecosystem in West London. The site has been identified for future mixed-use development by Imperial’s strategic partners Old Oak and Park Royal Development Corporation (OPDC) and Ealing Council as part of the area’s significant regeneration plans. Bonnie Minshull, Head of London at SEGRO, said: “SEGRO Park Victoria Road has performed very well for SEGRO over the past decade. This sale to a special purchaser, for the provision of commercial science and innovation facilities, allows us to reinvest the proceeds into our wider London portfolio. “Imperial’s WestTech Corridor vision is a welcome initiative from a world-leading institution, adding another powerful driver of demand to London’s primary industrial and logistics cluster, in which SEGRO owns approximately 6 million square feet of space.” Hugh Brady, Imperial President, said: “Imperial College London is investing in its ambitious vision for a new globally competitive deep tech innovation ecosystem in West London. The Imperial WestTech Corridor will act as a powerful engine for investment, inclusive economic growth, and job creation at a local, regional, and national level supported by the Government’s emerging Industrial Strategy.” SEGRO was advised by Montagu Evans and Gowling WLG (UK) LLP. Savills (UK) Ltd acted on Imperial’s behalf as agents and CMS Cameron McKenna Nabarro Olswang LLP acted as Imperial’s legal advisory. Building, Design & Construction Magazine | The Choice of Industry Professionals

Independent property company, Hortons, has secured planning consent for the redevelopment of a vacant warehouse unit in the UK’s logistics ‘golden triangle’. The project will deliver more than 200,000 sq ft of premium warehouse/logistics accommodation at Saxon Park off Saxon Way West, in Corby. Hortons will extensively redevelop a single existing building to create two new units, known as Saxon 79 and Saxon 129, which will comprise 78,500 sq ft and 129,300 sq ft respectively. The new units will be refurbished to a high quality specification, and will include secure yard space, integral first floor offices and a power supply of up to 1 MVA, with the ability to increase capacity. Environmental sustainability lies at the heart of the refurbishment, with features such as LED lighting, PV roof panelling and EV charging stations. Both units will target an EPC A+ rating. Hortons acquired Saxon Park in 2023 and has since completed the comprehensive upgrade of Saxon 58, a 58,350 sq ft warehouse/logistics unit, which was pre-let to Russell & Bromley. Saxon 79 and Saxon 129 are expected to be available for occupation from Q3 2025. James Slater of Hortons said: “We are investing in a full scale redevelopment programme to create two new high specification warehouse/logistics units, offering enhanced power and sustainability. The project is one of a series of developments we are undertaking at Saxon Park. It will provide occupiers with grade A accommodation in an established and sought after industrial location.” Saxon Park lies on Oakley Hay Industrial Estate, four miles southwest of Corby town centre and five miles north of Kettering. It benefits from excellent road accessibility via the A6003 and A14, providing links to the M1/M6 and A1/M11. For more information please contact DTRE and TDB Real Estate. Building, Design & Construction Magazine | The Choice of Industry Professionals

Kerakoll Group has taken a major step in its UK and Northern European expansion by acquiring a 40,000-square-metre plot of land in Preston, Lancashire, at the APTUS development. The international leader in sustainable building materials plans to construct a 145,000 sq ft production and distribution facility on the site, with construction set to begin in late 2024. The new facility is expected to be fully operational by spring 2026. This expansion will see Kerakoll double its UK production capacity by 2028, meeting the increasing demand for eco-friendly building solutions in the region. The new facility will not only support the company’s growth in sustainable materials but also lead to a 30% increase in its UK workforce. This will be Kerakoll’s second UK site, complementing its existing production facility in Leyland, and marks the company’s twentieth site globally. Sustainability is central to Kerakoll’s mission, and the Preston facility will showcase the latest in green technologies. These include photovoltaic panels generating 245 kWh per day, and a state-of-the-art rainwater recycling system. The company is also targeting a “Very Good” or higher BREEAM rating, ensuring the facility meets top environmental performance standards. To further strengthen its leadership, Carl Gardner has been appointed General Manager UK and Director for the UK, Nordics, and the Netherlands. With Kerakoll’s UK turnover reaching £40 million in 2023, this new development underlines the company’s commitment to its international growth and continued investment in sustainable building materials. The new Preston facility will play a pivotal role in Kerakoll’s strategic vision for the future, reinforcing its position as a global leader in eco-friendly construction solutions. Building, Design & Construction Magazine | The Choice of Industry Professionals

Clowes Developments and its partners are pleased to announce that practical completion has now been achieved on Phase Two of Beauchamp Business Park, a new commercial development in Kibworth, Leicestershire. The development has been delivered by Clowes Developments and its team including IMA Architects, TanRo, Millward Consulting Engineers, Gateley Legal and Postins Project Services. Phillips Sutton and TDB Real Estate have been the agents marketing the scheme. Beauchamp Business Park is situated on a 15-acre site located on the outskirts of Kibworth between Leicester and Market Harborough on the A6. The site features a series of freehold and leasehold industrial units ranging from 1,270 sq ft to 16,272 sq ft. Phase One, which completed back in July, saw a huge number of interested parties, with over 80% sold before completion. This therefore boosted Clowes’ decision to begin Phase Two. Kevin Webster, Associate Director at Clowes Developments comments: “We are delighted to have achieved Practical Completion on Phase Two at Beauchamp Business Park. Phase One has proven to be a great success with occupiers and investors and with deals already agreed for several of the units in Phase Two we are certain that popularity will continue. I now look forward to seeing it fully operational and a thriving business park over the coming months.” Clowes Developments retained agents TDB Real Estate and Phillips Sutton for Phase Two of the scheme. Sam Sutton, Director at Phillips Sutton comments: “We are thrilled with the success of Phase One at Beauchamp Business Park, with 100% take up. As we move into Phase Two, we are excited to see continued interest, with several units already under offer. This growth not only highlights the strategic importance of our location, but the demand for good quality freehold units in Leicestershire.” Jack Brown, Associate Director at TDB Real Estate adds: “It is fantastic news that we have now reached Practical Completion of Phase Two of Beauchamp Business Park. With Phase One being so popular with both local businesses and investors we anticipate Phase Two will continue this trend. The Units all look fantastic, and present really well in a market which has a shortage of good quality stock” Phase Two has seen the creation of two additional terraces and a semi-detached unit to be used for B1 and B2 use class, ranging in sizes from 2,271 sq ft to 16,272 sq ft. Clowes Developments is one of the UK’s largest and strongest privately-owned property investment and development organisations. Headquartered in Ednaston, Derbyshire, the company are experts in land acquisition and promotion, property development and asset management. Whilst available space at Beauchamp Business Park is limited there does remain some opportunity. Interested parties are invited to contact the site agents, Sam Sutton, Phillips Sutton on 07794 081 052 and Jack Brown, TDBRE on 07969 291 660. Building, Design & Construction Magazine | The Choice of Industry Professionals

Valor Real Estate Partners (“Valor”), Europe’s fastest-growing last-mile real estate specialist, has made two strategic acquisitions in London, expanding its logistics portfolio. Acting on behalf of its joint venture with QuadReal Property Group (“QuadReal”), a global real estate investment, development, and management company, Valor has secured two prime last-mile logistics sites in Barking and Enfield, with a combined gross development value (GDV) of £60 million. Both properties were acquired off-market. In Enfield, North London, the joint venture has acquired Trafalgar Trading Estate, the leading multi-let industrial park in the area. The 79,435 square-foot estate comprises 11 units spread across three terraced buildings and boasts high-quality specifications. Currently, 92% of the property is let to a variety of trade counter and last-mile logistics businesses, with an average lease term of two years. Situated close to the M1 motorway and A10 trunk road, the site offers access to around 6.4 million people within a 60-minute drive. Meanwhile, in Barking, East London, the partnership has secured a 3.49-acre vacant site. The intention is to develop a state-of-the-art, build-to-suit last-mile distribution hub. Future tenants will benefit from excellent transport links, including the nearby A13 and North Circular, as well as Barking’s position as a major industrial hub. Ongoing residential-led regeneration projects in Barking, such as Barking Riverside, are expected to further reduce industrial supply in the area, making the site even more strategically valuable. Jeremy Achkar, Senior Vice President at Valor, said: “The off-market acquisition of the Trafalgar Trading Estate marks our first purchase in Enfield, one of London’s key industrial submarkets. We look forward to expanding our presence in the area over the coming years.” Timour Wielemans, Vice President at Valor, added: “We’re excited to have secured this prime 3.5-acre site in Barking, which expands our London development pipeline to over 700,000 sq ft. Our goal is to deliver our first build-to-suit scheme here, and with the support of our newly established in-house development team, we are well-equipped to manage increasingly complex projects and provide tailored solutions that meet occupier needs.” Thomas Blangy, Senior Vice President at QuadReal Property Group, commented: “These acquisitions align perfectly with our strategy of focusing on high-growth urban logistics markets, where limited supply and strong demand create opportunities for long-term value generation. London’s last-mile logistics sector remains robust, and our partnership with Valor positions us to deliver strategically located assets that meet the needs of occupiers in these important submarkets, ensuring sustainable returns.” The joint venture received advisory support from Altus and SBY for the Barking acquisition. Building, Design & Construction Magazine | The Choice of Industry Professionals