3PLNews.com

Goodman Group (Goodman or Group) has announced that it is developing a highly energy efficient logistics centre for logistics service provider Rhenus in Linsengericht near Frankfurt. On completion, Goodman will also take responsibility for the subsequent management of the 22,000 sqm facility.

Scania has decided to boost its parts distribution capacity. The central warehouse in Europe will be extended and an entirely new parts warehouse will be constructed in South America. A total of SEK 400 million will be invested in these facilities, which will go into service during the first quarter of 2013.

The warehouse market is witnessing a revival. With regards to 2011, it was undoubtedly a good year for both developers and tenants. Increasing demand and the return of new warehouse projects, which were on hold during 2009-2010, are the best signs of the current upswing.

Industrial and logistics real estate will have unprecedented exposure at MIPM 2012 with the first dedicated Logistics Pavilion and a complete conference program devoted to this fast-growing sector of the real estate industry.

UK Commercial Property Trust Limited, managed by Ignis Asset Management, announced that it has acquired a portfolio of three multi-let principally industrial park assets from SEGRO plc for a total consideration of £60.51 mln. (€72.45 mln.), reflecting a net initial yield of 7.34%. The three sites provide a combined total floor area of 549,413 ft² (50,900 m²) and a total income of £4.67 mln. per annum.