The amount of warehousing space being built must rise fivefold if the UK is to keep pace with the e-commerce market, according to research by law firm Addleshaw Goddard. As online retailers compete on speed of delivery to win custom, the demand for industrial property is outstripping supply, with a premium being paid by the largest retailers for well-located sites with advanced fit-outs. The research included 12 policy recommendations that it said are required to meet demand for swift deliveries. […]
Hicks Logistics has moved into warehousing after the acquisition of a 20,000ft² industrial unit next to its Caldicot base on the Severn Bridge Industrial Estate. The company hopes the diversification will boost its annual turnover from £7.5m to around the £10m mark, and has taken on ten more staff taking its team to 80.
The Transport Committee has said the government’s transformation of the Highways Agency (HA) into something akin to Network Rail is an unnecessary and potentially costly mistake.