0370 270 6000

already registered?

Please sign in with your existing account details.

need to register?

Register to access exclusive content, sign up to receive our updates and personalise your experience on brownejacobson.com.

Privacy statement - Terms and conditions

Forgotten your password?

Speculative industrial developments lead to more flexibility in logistics

14 March 2014

Harworth Estates’ announcement of the first speculative industrial development in Yorkshire since 2007 follows recent research from CBRE showing after years of over-supply of logistics space across Yorkshire, there has recently been a sharp drop in availability of 'oven-ready' sites.

Several of our national logistics clients have addressed the shortage of good quality, affordable warehouse and distribution space (which is replicated nationwide, but particularly across Greater London and Wales) by commissioning their own bespoke warehousing depots. However, with a lead in period of 12-18 months, this does not produce the flexibility required in an industry where large contracts, and the associated need for strategically placed hubs, can be won and lost in a much shorter time period.

As well as developing their own sites, we advise clients on other options such as flexible lease terms, and space-sharing arrangements, to address this need for flexibility. Any speculative development, which will increase the options available to third party logistics operators, as well as retailers, importers and manufacturers, is welcome.

Related opinions

Handing back an empty shell of a building did not prevent a tenant from exercising a break clause

Break rights have proved a fertile source of litigation over the last few years. More often than not, tenants have found themselves on the wrong end of the decisions. However, a Court of Appeal decision yesterday has bucked that trend.

View blog

Relief for landlords as the Court of Appeal confirms that leases have been validly contracted out

One of the requirements for tenants to contract out of the security of tenure regime contained in the Landlord and Tenant Act 1954 is that they make a simple or statutory declaration before entering into the lease.

View blog

Summary judgment stayed where part 26A restructuring plan pending

Landlords should reconsider summary judgment if a Part 26A restructuring plan is pending.

View blog

Landlords’ claims for summary judgment for ‘Covid’ rent arrears succeed (again)

A landlord’s claim for summary judgment to recover rent and service charge arrears accrued since the start of the pandemic against a non-essential retailer succeeded. Like London buses, a second such case has followed hot on its heels.

View blog

Mailing list sign up

Select which mailings you would like to receive from us.

Sign up