CBRE reports that at the end of the first quarter of 2021 there was 16 million square feet of warehouse space under offer in the UK, double the level at the end of 2020.
However, the amount of occupied space in the first quarter was below average, reflecting the acute shortage of ready-to-occupy sites.
With that in mind, investor developer Tritax reports in its annual results that it has “seen an increasing level of interest in the development pipeline as sites progressed through the planning process and consents were obtained.”
The company expects an acceleration of the rental activity of our land platform until H2 2021 / S1 2022 aligned with the delivery of planning milestones.
The company owns and controls the UK’s largest logistics-focused land platform, capable of providing approximately 40 million square feet of logistics space.
He has just obtained a building permit for the development of two speculative warehouses of 186,000 sq. Ft. And 134,000 sq. Ft. In his 111-acre Symmetry Park in the West Midlands. The development can accommodate up to 2 million sq. Ft. Of logistics space in buildings ranging from 100,000 sq. Ft. To 1 million sq. Ft..
Colliers International, Avison Young and M1 Agency have been appointed Marketing Agents for Symmetry Park, Rugby.