GV&Co’s Post

📈Gatwick Industrial Property Update Despite the pace of industrial activity slowing from the highs of the Covid peak, our Gatwick industrial agents have seen a good level of demand and take-up in most areas across the South East. In this Gatwick industrial property update, Agency Partner Steve Berrett, explores the latest market trends - from what's available and rental tone to the supply vs demand dynamic⬇️. He explains: "We have been advising several occupiers on their relocation as their existing accommodation is no longer ‘fit for purpose’....Interest is still good for modern, energy efficient property with most activity in the small to medium sized units." Discover more, including a range of current client requirements we have, here 🔗 Steve Berrett | Mikael Goldsmith https://lnkd.in/eqhEyGBu #Gatwick #industrialagents #industrialproperty #Crawley #WestSussex #GatwickDiamond #agency #industrialrealestate #commercialproperty #marketinsight

Property and construction news…..   Telford in Shropshire has been named as one of the most affordable places to rent in England. The list of eight places was compiled by property website iLiveHere. It was the only place in the Midlands to make the list.   Two tall accommodation blocks of seven and fifteen storeys could be built at 52 Gas Street creating 161 apartments. Should the plans be approved the buildings would feature cycle parking, a cinema, co-working space, a lounge and a rooftop terrace. The scheme is called Gather and Soul.   The £4.5m refurbishment at Centre City located on Hill Street/Smallbrook Queensway, has started. The building will include a new café, co-working space, contemplation space and lounge. The building work is expected to be completed by the New Year. Tenants include Citizens Advice, Hitachi, and The Ministry of Justice.   The Prologis Park at Ryton in Coventry is now at full capacity with Furnolic (which trades as Songmics) agreeing a deal on the final unit. The international e-commerce business has signed a ten-year lease. DHL and Jaguar Land Rover are also on the Park.   According to Zoopla, property values are likely to rise more slowly than incomes over the next couple of years. The company said the average house cost is c.£264k but according to its calculations, the affordable price is c.£245k making the average house c.£19k over-valued.   #property #construction #offices #housing

🏢 Market Overview: Industrial Property in Thomastown, Victoria Thomastown, situated in the vibrant state of Victoria, Australia, boasts a thriving industrial property market that continues to attract businesses seeking prime locations and excellent infrastructure. Here's a snapshot of what's happening in Thomastown's industrial sector: 1. Strategic Location: Thomastown's strategic position, nestled within Melbourne's northern corridor, provides easy access to major transportation routes, including highways and rail networks. This accessibility makes it an ideal hub for distribution, manufacturing, and logistics operations. 2. Diverse Property Options: From warehouses and factories to industrial lots and commercial spaces, Thomastown offers a diverse range of industrial properties to suit various business needs. Whether you're a startup looking for a small-scale facility or an established enterprise seeking expansive premises, Thomastown has options to accommodate. 3. Robust Infrastructure: The industrial properties in Thomastown benefit from robust infrastructure, including modern utilities, high-speed internet connectivity, and advanced logistics facilities. These amenities enhance operational efficiency and contribute to the seamless functioning of businesses across different sectors. 4. Growth Potential: With ongoing infrastructure developments and urban renewal initiatives, Thomastown's industrial property market presents significant growth opportunities for investors and businesses alike. The area's proximity to Melbourne's CBD and the airport further adds to its appeal as a strategic investment destination. 5. Competitive Advantage: Thomastown offers a competitive advantage to businesses with its favourable business environment, supportive local government, and access to a skilled workforce. This conducive ecosystem fosters innovation, growth, and success for enterprises operating in the region. In summary, Thomastown's industrial property market continues to flourish, driven by its strategic location, diverse property options, robust infrastructure, growth potential, and competitive advantages. Whether you're looking to establish or expand your business operations, Thomastown stands out as a premier destination in Victoria's industrial landscape. Watch this space for more commercial property investment opportunities!! #NSLPropertyGroup #Thomastown #Victoria #IndustrialProperty #RealEstate #CommercialProperty #Business #InvestmentOpportunity #Infrastructure #Logistics #Manufacturing #Distribution

Cushman & Wakefield Capital Markets Logistics & Industrial is pleased to exclusively offer for sale, a rare inner city landholding in Melbourne’s premier city fringe logistics and employment precinct.   Situated on a 3.34ha* landholding with dual street frontages totalling over 350m* is a multi-tenanted industrial complex returning significant income.   The asset is 92%* occupied by seven diverse tenants offering a short WALE of 1.9 years (as at Apr-24) and a fully leased net income of $3,201,802 ($126 psm GLA), equating to 19% below the assessed market rental offering substantial positive rental reversion in the short term.   704-744 Lorimer Street, Port Melbourne is being offered For Sale via Expressions of Interest closing Wednesday 13 March 2024 at 3pm (AEDT).   For further information or to arrange an inspection please contact Chris Jones (+61 477 881 882), Tony Iuliano (+61 412 992 830) or Adrian Rowse (+61 414 836 817).   *Approximate   #Cushwake #CapitalMarkets #Logistics #Industrial #LogisticsandIndustrial #Investments #Melbourne #Australia   Tony Iuliano Chris Jones Adrian Rowse Charlie Holmes Simon Fenn Gary Hyland Nick Goodridge Jay Nash Brendan Harrison Oliver McIntosh Vivian Nguyen Sarah Baker

Cushman & Wakefield Capital Markets Logistics & Industrial is pleased to exclusively offer for sale, a rare inner city landholding in Melbourne’s premier city fringe logistics and employment precinct. Situated on a 3.34ha* landholding with dual street frontages totalling over 350m* is a multi-tenanted industrial complex returning significant income. The asset is 92%* occupied by seven diverse tenants offering a short WALE of 1.9 years (as at Apr-24) and a fully leased net income of $3,201,802 ($126 psm GLA), equating to 19% below the assessed market rental offering substantial positive rental reversion in the short term. 704-744 Lorimer Street, Port Melbourne is being offered For Sale via Expressions of Interest closing Wednesday 13 March 2024 at 3pm (AEDT). For further information or to arrange an inspection please contact Chris Jones (+61 477 881 882), Tony Iuliano (+61 412 992 830) or Adrian Rowse (+61 414 836 817). *Approximate #Cushwake #CapitalMarkets #Logistics #Industrial #LogisticsandIndustrial #Investments #Melbourne #Australia   Tony Iuliano Chris Jones Adrian Rowse Charlie Holmes Simon Fenn Gary Hyland Nick Goodridge Jay Nash Brendan Harrison Oliver McIntosh Vivian Nguyen Sarah Baker

Strong demand for one of South Australia’s premier industrial estates - JLL A prime industrial estate at Woodville, just eightkilometres from Adelaide’s CBD, is proving attractive to occupiers as the amount of available stock on offercontinues to lag demand for quality, industrial office warehouse facilities. Strong demand for industrial space across South Australia continues to stretch available stock with enquiries at an all-time high and vacancy at an all-time low. According to JLL Head of Logistics & Industrial in South Australia, Martin James and JLL Director, Logistics and Industrial, Kym Hutchins the industrial market has rarely experienced such strong conditions. He said demand for space at the Charles Sturt Industrial Estate at Woodville was a case in point, with recent leasing to global and national firms and strong enquiries for further opportunities. Located about 8 kilometres north-west of Adelaide’s CBD,and 7 kilometres from Adelaide Airport, the estate has already attracted the likes of corporates including Harvey Norman, Bunnings, Toll, Rinai and Ironman 4x4. Two of the more recent leasings were to global freight services firm Röhlig Logistics and national and international kitchen and cabinet hardware distributor Wilson & Bradley. Peter Blade (JP) COMMO Ben Parkinson Matt Brunsdon Greg Pike Luke Schreier #jll #jllaus #industrialleasing #industrialrealestate #industrialland #warehouse #adelaiderealestate #adelaidebusiness

🏢 Market Overview: Industrial Property in Thomastown, Victoria Thomastown, situated in the vibrant state of Victoria, Australia, boasts a thriving industrial property market that continues to attract businesses seeking prime locations and excellent infrastructure. Here's a snapshot of what's happening in Thomastown's industrial sector: 1.    Strategic Location: Thomastown's strategic position, nestled within Melbourne's northern corridor, provides easy access to major transportation routes, including highways and rail networks. This accessibility makes it an ideal hub for distribution, manufacturing, and logistics operations. 2.    Diverse Property Options: From warehouses and factories to industrial lots and commercial spaces, Thomastown offers a diverse range of industrial properties to suit various business needs. Whether you're a startup looking for a small-scale facility or an established enterprise seeking expansive premises, Thomastown has options to accommodate. 3.    Robust Infrastructure: The industrial properties in Thomastown benefit from robust infrastructure, including modern utilities, high-speed internet connectivity, and advanced logistics facilities. These amenities enhance operational efficiency and contribute to the seamless functioning of businesses across different sectors. 4.    Growth Potential: With ongoing infrastructure developments and urban renewal initiatives, Thomastown's industrial property market presents significant growth opportunities for investors and businesses alike. The area's proximity to Melbourne's CBD and the airport further adds to its appeal as a strategic investment destination. 5.    Competitive Advantage: Thomastown offers a competitive advantage to businesses with its favourable business environment, supportive local government, and access to a skilled workforce. This conducive ecosystem fosters innovation, growth, and success for enterprises operating in the region. In summary, Thomastown's industrial property market continues to flourish, driven by its strategic location, diverse property options, robust infrastructure, growth potential, and competitive advantages. Whether you're looking to establish or expand your business operations, Thomastown stands out as a premier destination in Victoria's industrial landscape. Watch this space for more commercial property investment opportunities!! #NSLPropertyGroup #Thomastown #Victoria #IndustrialProperty #RealEstate #CommercialProperty #Business #InvestmentOpportunity #Infrastructure #Logistics #Manufacturing #Distribution

Brisbane’s industrial market records highest East Coast rental growth- Knight Frank Australia Brisbane’s industrial market had the highest rental growth of the Eastern Seaboard cities over Q2 despite a rise in vacancy, according to the latest research from Knight Frank Australia. Knight Frank’s Australian Industrial Review Q2 2024 found after remaining essentially flat in Q1, prime face rents in Brisbane saw a return to growth in Q2, jumping by 4.7% to be up 8% year-on-year to $165/sq m net on average, with rental growth across all precincts. Knight Frank Partner, Research and Consulting in Queensland Jennelle Wilson said Brisbane’s rental growth had returned over Q2, despite a rise in vacancy with tenants still prepared to pay well for premises which enhance their business operations. “Analysing newly vacant space to date in 2024, exactly half is backfill due to tenants relocating into newly built space,” said Ms Wilson. “A further 31% is speculatively developed with only 14% due to any contraction or relocation out of the market.” Read more on The Industrialist -  https://lnkd.in/g_MT_7jc James Templeton Jennelle Wilson Knight Frank Mark Clifford Ben Burston Tony McGough Vanessa De Groot Taylor Wardle Sarah Clark Melanie Rusk-Dunn COMMO #knightfrank #brisbanemarket #rentalmarket #knightfrankresearch #realestatemarket #rental #industrialleasing #industrialrealestate #industrialland #industrialnews

In 2020, a decision was made that Kwinana is the optimal location for the new port development to replace the Fremantle terminal. The newly named Westport is set to unfold over the next two decades and will create opportunities for industrial, residential and retail property throughout Perth's south.   While there are already significant industrial land plays being made around this move, I've watched a number of the Westport information videos and CEO addresses and compiled a few notes on its impact on the retail and residential markets:   New Infrastructure Developments: The relocation is underpinned by significant infrastructural upgrades, including the establishment of new road freight corridors along Anketell Road and Roe Highway, alongside enhancements to the existing rail corridor. These improvements are designed to support higher trade volumes and streamline logistics operations from Kwinana and is bolstered by over 1400 hectares of developable land in the suburb, poised to service the new port and its ecosystem. Anketell Road is set to become the main artery for truck freight, with planned upgrades including new interchanges and intersections to accommodate the increased activity. This will also support further population growth along these corridors, creating the need for future retail precincts.   Fremantle's Transformation: With the port's relocation, Fremantle will face a significant and exciting redevelopment. Three redevelopment scenarios are being considered—Harbour City, Coastal City, and Competitive City—which will feature a differing blend of commercial, residential, tourism and leisure spaces. Each scenario will enhance the waterfront land in Fremantle towards its highest and best use.   Economic and Community Impact: Slated for construction in the late 2020s with completion targeted for the late 2030s (subject to approvals), the new port is expected to be a catalyst for industry growth, residential development and retail expansion. The Fremantle Port currently employs some 400 staff, in addition to the thousands working in businesses in the precinct, so moving this employment base will enhance the economic demand throughout Rockingham, Kwinana, Anketell, Wandi, Coogee, Beeliar and surrounding suburbs. A link to the Westport youtube channel is in the comments.

I am thrilled to share that we have recently leased 25 Victoria Street West, Auckland. This deal has not only resulted with securing a national tenant (more to come on that) and being able to restructure and extend existing leases within the asset, but allows Scarborough Group to boast a 100% occupancy across our retail tenancies within Midtown. We are proud to manage in excess of 6,300sqm of retail space, across 26 tenancies, +$3.20m in rental and an average WALT of 5.6 years between Durham Street and Rutland Street. As many know, Midtown and it's occupiers have faced a number of challenges following COVID, including continual construction work, extension of the City Rail Link and general desire to be closer to the waterfront. With the completion of CRL and Linear Park now in sight, it is pleasing to see retailers understanding the future of Midtown and positioning their businesses to thrive for the next chapter. I would like to give a big thanks to Nilesh Patel of JLL for both his assistance and persistence in securing this national operator for 25 Victoria Street West, and when we are able to divulge more, we believe it will prove to be a great addition to the immediate area and adjoining tenants. Now... time to move upstairs. Office floors available for lease. #ScarboroughGroup #AssetManagement #Retail #MidtownRetail #Midtown #AucklandCentral