A 1.1 million sq ft logistics scheme at Towcester is set to win planners’ approval, despite changes to government guidance requiring planners to take into account the “cumulative effect” of a large number of warehouse schemes in any area.
A tidal wave of demand for warehousing has left the vacancy volume of UK logistics floor space at an unprecedented low, with rents poised to rise again, new figures reveal.
Investor BentallGreenOak and development partner Equation Properties have bought an 80-acre slice of a Markham Vale logistics site and plan a 1.2 million sq ft logistics scheme.