Latest commercial property news from Lambert Smith Hampton

Industrial and logistics news: January 15


Round-up of recent market news.

Infrastructure boost needed

Standard & Poor’s have stated that more than 200,000 jobs would be created in the UK with an infrastructure investment of 1% of GDP. This is set against an estimated £60bn infrastructure investment deficit where congestion costs each driver 30 hours a year.  Read more

Mega-shed for Northampton

Howdens Joinery Group has submitted plans for 2.2m sq ft warehouse close to Northampton with Roxhill Developments. For its future growth it contends that new facilities are needed. Read more

Bidders in for ports

Prudential and Goldman Sachs have received offers for their 33.3% stake in Associated British Ports (ABP). Multiple bidders are lined up and are expected to offer in the region of for a bid expected to value the 33.3% stake at £1bn-£1.2bn. Read more

M&S still having hub issues

M&S’s Castle Donington distribution hub is still having problems and may be processing a third fewer items than anticipated. Record online sales are adding to the problem. Analysts expect the group’s financial performance to be affected. Read more

Super hubs planned by ECP for 2015

These super hubs will reach 100% in availability of a wider choice of stock by raising the speed and frequency of delivery schedules to workshops. This will add over 1m sq ft to ECP’s portfolio and add 1,000 new jobs. Read more

Newport M4 junction project awarded

Costain has been selected for a £10.5m contract to improve the Newport junction of the M4 motorway. Work is set to begin in 2016 and the firm has been appointed on an ECI basis. The improvements include a new gyratory system to improve traffic flow. Read more

Omega Warrington agrees forward funding

A £23m forward funding arrangement has been agreed by Omega Warrington for a 260,000 sq ft facility at Omega South. Work has started and is due to be completed this summer. Read more

Sunday deliveries for Prime members expanded by Amazon

Amazon has expanded its deliveries on Sundays for its Prime scheme members, with Sunday deliveries currently offered in 15 unspecified cities. This has been possible due to the launch of Amazon Logistics. Read more

Data services provided by M-Brain UK.

For further information relating to this news article contact 

Contact us now

Steve Williams
National Head of Industrial & Logistics

020 7198 2296

Register for updates

Sign up today to receive these benefits:

  • Receive new property notifications
  • Save your searches
  • Access to the latest market reports
Register now

How can we help?