Whether they have been forced to consider second-hand space because of a lack of new buildings or prefer it for cost reasons, occupiers have become used to a wide choice of warehouses. Now, however, they are facing a reduced supply. Overall, the amount of second-hand space available in units above 100,000ft² fell by 4% in 2012, according to CBRE’s UK Occupier Market Overview. This is lower than the 29% reduction in new space in that size band but the second-hand […]
Lenham Storage walked away from nonviable business last year rather than compromise its service standards, but the operator’s MD has warned that there has been no let-up in rate pressure since.
The UK’s warehouse property stock will have vanished by the end of the decade due to demands from internet retailers, unless there is an unprecedented increase in construction.
Gordon Leslie Group has completed the rebranding of its Glasgow-based warehousing and bonded storage business Benchmark Packaging, which it purchased in December 2014.