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. This is the conclusion in a logistics market report, which also found that warehousing space fell to a record low last year. Consultancy Lambert Smith Hampton (LSH) said retailer and distributor requirements for logistics warehouses will exceed the country’s available stock by 7.6 million m2 by 2020 – even if current elevated […]
Hermes has acquired two new depots in the north of England to meet rising demand driven by a surge in online shopping during the Covid-19 pandemic.
Two major logistics parks, which together could add more than 5 million ft² to the UK’s warehousing stock, can now go ahead after receiving the green light from the planning authorities.
A property revaluation was responsible for scuppering the bottom line at Bradford-based Expect Distribution in the year to the end of November 2012. It was enough to turn the previous year’s profit before tax of £432,500 into a loss of more than £943,700, despite a 14% rise in turnover from £15.8m to £18.1m.