News Logistics Property LOGISTICS PROPERTY NEWS
Logistics leads UK property growth
Logistics property is expected to be one of the fastest-growing sectors of the UK property market, and is expanding more strongly than any time since 2007, new data reveals. Savills’ quarterly snapshot of commercial property development activity shows warehouse and logistics property growing faster than any other property sector. The report says that logistics property development activity rose by 10.2% in
January, 12.2% in February, and 8.8% in March.
They say this represents the strongest rate of expansion since June 2007, before the credit crunch began.
This contrasts with an overall growth in UK commercial property activity of just over 8%. Some sectors - especially the office market - showed relatively weak growth. n
www.savills.co.uk
Pall-Ex picks Carlisle for site of Northern hub
Pall-Ex has announced a new base for its Northern Hub, allowing the palletised freight network to provide an increased service offering for its members and customers. Situated in Carlisle, the new 40,000 sq ft facility is based on a 30-acre site close to the M6 motorway. It will allow Pall-Ex to offer a full service logistics solution to help facilitate operations and continue to improve efficient delivery across northern England and Scotland. As well as providing hauliers with new truck stop facilities, Pall-Ex’s new hub will also offer a comprehensive range of services, including pick and pack, storage and warehousing.
The hub will be operated by RJ Murray & Son Ltd, which joins Pall-Ex as a new member. As well as operating the Hub, RJ Murray & Son Ltd will also take responsibility for the DG and part of the CA postcode areas. Commenting on the announcement, Steven Reed, Pall-Ex’s network development director, said: “The hub will become a one-stop solution for our network in the north of England and helps us to expand our already impressive service offering. This is very much in line with our continual growth, both here in the UK and across Europe.” n
www.prologis.co.uk
Speculation over Aldi’s Cardiff site
Speculation is mounting that Aldi is about to off-load its 30-acre warehouse development site at Cardiff’s Capital business park. The discount retailer bought the 30-acre site in 2005 for a 400,000 sq ft depot. It is understood that the site no longer fits into their distribution plans. An Aldi spokesman confirmed that the grocery chain owned the site, but would make no further
comment.
Simon Lloyd, head of industrial and logistics at surveyors DTZ, said: “There has been a lot of activity as food retailers rationalise/upgrade their distribution network – Co-op, Tesco, Sainsbury’s and Morrisons have all taken new buildings/sites recently in the South West to the detriment of distribution parks in South Wales such as Newhouse Farm in Chepstow.” n
DIRFT III goes to Inspectorate
Plans for a 7.6m sq ft third phase at Daventry’s International Rail Freight Terminal (DIRFT) will go to government planning inspectors, as the Northampton scheme takes a lead ahead of two rival projects.
Sources close to ProLogis, who are backing the DIRFT plan, say they expect to submit an application to the government’s Planning Inspectorate in late spring. The move comes as final changes are made to rail alignments and open space. The project, on the former Rugby Radion Station site, faces challenges from two other massive East Midlands rail distribution schemes. Developers Boxhill are behind plans for the East Midlands Gateway Rail Freight Interchange, sited north of the East Midlands Airport, close to junction 24 of the M1
50 May 2012 Storage Handling Distribution
www.shdlogistics.com
motorway. The 6m sq ft project is already registered with the government planning officers, but no formal application is expected until early 2013. The third scheme is promoted by utilities company Seven Trent, which says it is “one or two months” from agreeing contracts with development partners for a 7m sq ft scheme at Etwall, south-west of Derby. A planning application is not expected for some time. Seven Trent has declined to
confirm market speculation that Helioseurope and York-based Shepherd Developments are its preferred development partners. Two of the three schemes have already been submitted to the Infrastructure Planning Commission, which was abolished on 1st April and its responsibilities transferred to the Planning Inspectorate. n
www.prologis.co.uk
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