Warehouse Management Systems - United Kingdom Warehousing ...
Warehouse Management Systems - United Kingdom Warehousing ...
Warehouse Management Systems - United Kingdom Warehousing ...
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18 Property<br />
In Association with<br />
On the market<br />
SALFORD<br />
Unit 4, Houston Park, Montford Street, Salford, M50 2RP.<br />
An industrial/warehouse unit with offices (see pic<br />
above). The premises are available to buy at £800,000<br />
and to lease at £4.50 per square ft.<br />
Contact:: Nick Heathcote<br />
Tel: 0161 242 8027<br />
LIVINGSTONE<br />
A chilled distribution depot (shown above) located<br />
immediately adjacent to the south of junctions 3 and 3A<br />
of the M8 motorway approximately 15 miles to the west<br />
of Edinburgh and 30 miles to the east of Glasgow. The<br />
site available as a whole or in two separate lots.<br />
Contact: Ian Davidson. Tel: 0131 226 0333<br />
OXFORD<br />
Network Oxford,<br />
Sandy Lane West,<br />
Oxford<br />
A new industrial,<br />
warehouse and<br />
trade<br />
development with<br />
properties to let<br />
(right).<br />
Contact: Duncan<br />
May.<br />
Tel: 01865 200<br />
244<br />
The latest research from Lambert Smith<br />
Hampton shows that the credit crunch<br />
and the ensuing economic downturn<br />
is beginning to impact on the UK<br />
warehouse market., as the company’s<br />
Arezou Said explains<br />
Feeling<br />
the<br />
crunch<br />
While we saw steady take up at the<br />
larger end of the market during<br />
2008 - with Willis Gambier and<br />
Kuehne & Nagel each taking in excess of<br />
500,000 sq ft and Morrisons committing to<br />
over 900,000 sq ft - in the wider market<br />
take-up was down on 2007. Preliminary<br />
data shows take-up in 2008 was around<br />
20% lower than 2007 as the credit crisis<br />
and ongoing financial crisis impact on<br />
occupier confidence.<br />
Supply increased during last year by<br />
approximately 35% compared with 2007,<br />
with the main industrial heartlands such as<br />
the North West, West Midlands and<br />
Yorkshire & Humberside accounting for a<br />
significant proportion of the space on the<br />
market. However, lack of funding and the<br />
spectre of recession and empty rates have<br />
led to a fall in new construction starts.<br />
Earlier in 2008, our research into the<br />
impact of the abolition of empty rates relief<br />
on the property market revealed that<br />
increased liability would contribute to a<br />
reduction in warehouse construction, an<br />
increase in development costs and ultimately<br />
further upward pressure upon rental values.<br />
In our survey of property professionals<br />
in February 2008, 50% said they would be<br />
reviewing their property portfolios, selling or<br />
demolishing unlet or unsold buildings and<br />
slowing their delivery of development<br />
January 2009<br />
www.ukwa.org.uk