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The UK logistics property market has transformed over the last 20 years and our newly published Prime Logistics research report says why.
This market leading research is now recognised as the definitive guide to the logistics marketing focusing on 24 distribution zones throughout the UK, analysing over 520m sq ft of warehousing over 50,000 sq ft. For instance, how many times have we heard that sheds are getting bigger? To be factually correct, three years ago, the number of deals in excess of 500,000 sq ft was seven. In 2005, this more than doubled 15.
The term ‘multi-disciplinary team’ is a phrase that is over used. But this is exactly what our logistics team offers. It has experts in research, investment agency, occupational and development agency and in professional areas such as rent reviews, valuation, planning and dilapidations. Our current logistics clients include Accident Exchange, Brakes, Carlsberg, Cert, Charles Wells, Cummins Fleetguard, Fullers, Gefco and Michelin.
Being market-facing, our team also works with investors and developers to acquire and dispose of properties and sites. In the last 12 months our agency team has transacted over 1m sq ft of warehousing. For instance, recently, we have worked with ProLogis in leasing a 220,000 sq ft unit to Gefco in Coventry and with Warner Estates and Catalyst in acquiring 217,000 sq ft of space on Hams Hall, Coleshill for Accident Exchange. In the South of England we have worked with Astral in securing a 171,000 sq ft building on a design and build basis for Cummins Engine Co Ltd for their Generator Set business and for Wells and Young, a new 130,000 sq ft freehold warehouse in Bedford.
We also advise investment funds - including Antler Property Investments, Legal & General and Royal London Asset Management - on maximising value through lease re-engineering and rent reviews.
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