Trident Warehousing WLL has entered a 10-year lease with Edamah, the real estate arm of Bahrain’s sovereign wealth fund, for a new 8,137 sqm storage and distribution facility at Sitra Industrial Park. Under the agreement which is valued at US $7 million, Trident Warehousing and business associate Hoover Circular Solutions (a US-based supplier of sustainable…
Warehousing
GMB Union comments as workers at Amazon’s fulfilment centres in Mansfield and Rugeley begin voting on industrial action. Amazon faces new strikes at two more warehouses as GMB launches two new strike ballots. Union members will now vote on full and binding industrial action ballot at Amazon’s Mansfield and Rugeley fulfilment centres. The…
abrdn’s Airport Industrial Property Unit Trust (AIPUT) fund has submitted a planning application at its London Heathrow Radius Park campus for an inaugural renovation project to be financed by a £350 million sustainability-linked credit facility from Wells Fargo Bank. The project signals the opening of a new chapter in the fund’s strategy to deliver highly…
FRED310, a prominent new industrial, warehousing and distribution development on a 310-acres site in the Greater Seattle area, has executed a build-to-suit lease totaling 782,875 square feet with national retailer, Harbor Freight Tools. FRED310 is owned and being developed by the joint venture of Panattoni and a real estate fund advised by Crow Holdings Capital.…
Steve Purvis, managing Director or Bis Henderson Space, makes the case for retailers and manufacturers to provide for temporary warehouse accommodation in their strategic long-term planning. Many, perhaps most, manufacturers and retailers experience pronounced peaks in their requirements for warehousing and distribution centre space. This may be part of the normal business cycle – ramping…
Philippe Rambach, SVP and Chief AI Officer (CAIO) at Schneider Electric, explains how cutting edge artificial intelligence and distributed power generation technologies are optimising energy consumption for retail behemoth Lidl and his company’s North American R&D facility. Store, Sell or Consume? In the picturesque surroundings of Järvenpää, Finland, a state-of-the-art distribution centre, operated by the German…
Arizona-based real estate development and investment company ViaWest Group has broken ground on a new 172,845-square-foot Class-A speculative warehouse building in Salt Lake City, Utah. The new 5 South Commerce Center development is scheduled for completion in the second quarter of next year. Cushman & Wakefield director Phillip Eilers and colleagues, Jon Schreck and Rick…
Phoenix-based commercial real estate investor and developer ViaWest Group is making its first foray into the Denver market with the construction of a 134,400 sf industrial facility. The Downtown Distribution Center, a Class A industrial development on a 9.32 acre site just north of Downtown Denver is scheduled for delivery in the second quarter of…
Local developer Weston, Inc., has started construction of a much-needed 156,000 SF temperature-controlled warehouse space in Cleveland, Ohio, with opening scheduled for the third quarter of 2023. Located along the Opportunity Corridor and classified as a Public Refrigerated Warehouse, the Cleveland Cold Storage project will provide customers with a full range of temperature-controlled storage and…