Property developers are betting demand for London offices will hold up after Brexit, with speculative construction of new space predicted to surge in the first half.
A speculatively developed trading estate has been sold in a £4m deal.
A London-based private investor has acquired units 2-4 Steelpark Trading Estate, at Wednesfield near Wolverhampton, from development and investment company Goold Estates.
Midlands developer Barberry has unveiled plans for the £9.5m speculative development of a 70,000 sq ft warehouse unit at the site of a former DIY store in Northamptonshire.
Leeds City Council has completed the acquisition of three high-quality speculative warehouse units at Logic Leeds from national development and urban regeneration specialists, Muse Developments.
Construction work has started on a speculative 25,000 sq ft industrial unit on the A1M50 Industrial and Distribution Park in Melmerby near Ripon.
A 65,000 sq ft speculative development will be built in Aston after developer Barberry secured a £3.6m loan from the West Midlands Combined Authority (WMCA).
Outline planning consent has been given to a planned development south of Worcester that would see 2,200 homes built alongside a primary school, shops and a health centre.
Developer First Panattoni is set to build Panattoni Park Nottingham, where it will be speculatively building three warehouses totalling 714,000 sq ft.
DBS Pochin, the joint venture partnership between db symmetry and Pochin’s, has received planning approval from Cheshire East Council to build 190,000 sq ft of industrial and distribution accommodation at its flagship logistics park, MA6NITUDE.
Aviva Investors has agreed to forward fund the development of Eleven York Street in Manchester after acquiring the freehold interest in the site from Kier Property.
Work has begun at Nickel 28 – a 261,000 sq ft distribution warehouse on the South Normanton Industrial Estate in Derbyshire.
Joint venture partners, Richardsons Capital and Thorngrove Land & Property have broken ground on site. Winvic Construction, the appointed contractors, has finished clearing the site and is already ahead of the 40-week construction programme.
Work has started on site at Trilogy@Logic, a 100,000 sq ft speculative warehouse development at Muse Developments Logic Leeds business park.
The development comprises three units, ranging from 30,000 sq ft to 37,000 sq ft, offering warehouse and industrial space.
The Richardson family has paired up with a leading property developer to pave the wave for two new industrial warehouse schemes in the Midlands.
The family, best known for developing the giant Merry Hill complex, is linking up with property development and investor, St Francis Group. Like the Richardsons, St Francis is a specialist in brownfield development and regeneration.
The largest speculative industrial development in the North West is to built near Bolton.
First Panattoni has joined with Exeter Property Group to tee up a 375,000sq ft warehouse– 375 Logistics North.
Trebor Developments has begun work on its new 55,000 sq ft warehouse scheme in Aldridge.
The speculative project, being developed in conjunction Kay Properties, is expected to be ready for occupation next April.
National logistics developer db symmetry has announced the start of construction of its 150,000 sq ft unit in Doncaster.
Marshalls Construction has been appointed to deliver the new facility at Symmetry Park after Bassetlaw District Council granted approval for the first phase in March.
Regeneration company St Modwen has agreed a pre-sale on one of the speculative units it is building in the latest phase of development at Stonebridge Business Park in Liverpool for £450,000.
Muse Developments has agreed to sell 100,000 sq ft of speculative industrial space to Leeds City Council.
Construction on the three units are set to begin later this year, with completion set for spring 2018.
Black Country property group LCP has unveiled plans for a new speculative development in Staffordshire.
The 50,000 sq ft development will be on Zone 3 of the Burntwood Business Park. Permission for the project has been granted by Lichfield District Council.
150,000 SQ FT of industrial property will be speculatively developed at Gateway 45 Leeds - formerly Temple Green Enterprise Zone.
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