Asda and The Co-op to bring logistics in-house
Two of the UK’s biggest supermarket groups, The Co-operative Group and Asda, have announced plans to invest millions of pounds in to their logistics.
Both groups are each putting huge sums of money in to their in-house logistics in an effort to significantly improve their UK networks.
CLF Distribution relocates to Southampton
Health food, sports nutrition and household products wholesaler CLF Distribution has taken a 38,000 sq ft warehouse in Southampton.
The company has relocated from Salisbury following expansion, and has taken a ten year lease on Segro’s Vista Park on the on the Nursling Industrial Estate.
Liquor group signs deal with Rossco Properties
Diagio, the premium liquor and spirits group, is to take a 181,000 sq ft warehouse in Grangemouth.
The deal sees the company sign up for a property in compliance with bonded warehouse regulations in a deal with Rossco Properties, the property vehicle of well-known Scottish butcher and entrepreneur Simon Howie.
Data shows stronger distribution property market
Segro, the logistics landlord, has reported another fall in the proportion of empty floorspace in its property portfolio, as the distribution property market continues to harden.
The landlord - currently involved in a £1.6bn asset disposal programme - reported that the proportion of empty floorspace fell to 91. Per cent at the end of December 2011.
New depot for Lidl
German discounters Lidl are to build a new 426,000 sq ft depot in Hampshire as the supermarkets invest in their South Central distribution networks.
Lidl has applied for permission to build on a site close to the junctions of the M27 and M271 motorways, north west of Southampton.
Developers step up activity for Milton Keynes logistics property
More than 2m sq ft of distribution property deals are in prospect around Milton Keynes as developers step up activity.
Burbage Realty, the specialist logsitics property consultancy, say the town is bracing atsleast of “at least” 2m sq ft of new requirements. Retailers are said to be particularly active.
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