Latest commercial property news from Lambert Smith Hampton


Industrial and logistics news: May 2014

Round-up of recent market news...

M&S drops plans for distribution centre at London Gateway

Plans for a £200m distribution centre at London Gateway have been dropped by Marks & Spencer. The 900,000 sq ft site would have acted as a global shipping gateway and supported stores in the south of England. Read more...


Prologis and DP World to build distribution centre in London

DP World and Prologis have formed a 50:50 joint venture to construct a 2.94 hectare distribution centre in London's Gateway Logistics Park. It will have access to waterways, as well as road and rail networks. The distribution centre should be ready by spring 2015.

Dixons and Carphone Warehouse announce merger deal

A £3.80bn merger deal has been announced by Carphone Warehouse and Dixons Retail. Ownership will be split equally between existing shareholders and Dixons Carphone will be the name of the new firm. Read more...

Analysis shows HS2 consultants are running 86% over budget

Spending on HS2 consultants is running 86% over budget on the first phase of the £43bn high-speed rail project, according to analysis of Department for Transport HS2 spending to the end of February 2014 by Building. Read more...

M&G Real Estate buys Royal Mail distribution centre

M&G Real Estate has acquired a Royal Mail distribution centre on Wakefield Europort in Normanton. The 220,000 sq ft facility was acquired on behalf of the M&G Property Portfolio at a cost of almost £13m. The facility is let to Royal Mail until December 2019. Read more...

Typhoo increases tea imports through Port of Liverpool

In 2012 the UK-based tea company Typhoo imported just 10% of its tea through the Port of Liverpool, with most coming in through Felixstowe and Southampton. However, this figure is expected to increase to 75% in 2014. This is because Typhoo believes that the Port of Liverpool's centric logistics will help its business to hit its carbon reduction targets. Read more...

For further information relating to this news article contact 

Register for updates

Sign up today to receive these benefits:

  • Receive new property notifications
  • Save your searches
  • Access to the latest market reports
Register now

How can we help?