Up, up and away

Article Abstract:

The market for office space around Heathrow Airport, London, England, is buoyant, with many speculative office buildings already prelet. Local agents report speculative industrial developments, in the Heathrow area, are likely to be profitable for their developers. Rents on new industrial developments are quoted at 10.50 pounds sterling per sq ft. The Green Lane site has been purchased by Prologis Kingspark which is backed by US investment firms. They have paid 5.7 million pounds sterling per acre for the nine acre site. The area will developed into a distribution park.

Commercial and Institutional Building Construction, Office Buildings, Nonresidential construction, not elsewhere classified, Industrial Bldgs & Warehouses, Supply and demand, Buildings and facilities, Office construction, Industrial buildings, Industrial development, Industrialization, Heathrow Airport

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Going private provides kick-start

Article Abstract:

The sales of Welsh Development Agency's 13 industrial estates to property company Ashtenne is expected to mark the beginning of a more successful period for South Wales property occupancy. Ashtenne believes that it has a much more flexible attitude than the sites' previous owners and wants to use this opportunity to encourage the economy of South Wales. Grants are available to prospective occupiers of some of the properties, which is expected to further stimulate interest in them.

Industrial Buildings, Industrial districts, Wales. Welsh Development Agency, Ashtenne

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