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A 73,000 sq ft warehouse in one of Shropshire’s leading estates has been sold, national property consultancy Lambert Smith Hampton (LSH) has announced.

Premier House, at Hortonwood 7, Telford was sold to an undisclosed buyer at the end of March by LSH’s Captial Markets team at a net initial yield of 9.69%. The deal follows incumbent tenant AMCO Services (International) Ltd signing a new five-year lease in January, maintaining the company’s presence at the business park until 2021.

Matt Tilt (pictured), head of industrial and logistics at LSH’s Birmingham office, said: “There was significant interest in Premier House from the investment market, and this is no surprise. It is prime space, well located, and with a tenant in place on good terms for the next five years, meaning a guaranteed rent.

“Industrial property in this area is at a premium and the market here remains strong, so we’re confident Premier House will prove a sound investment for its new owner.”

Freight management company AMCO has been at Premier House since 2011, and the warehouse is one of five UK locations for the business which also has sites in France and China.

Paul Andrews, Managing Director of AMCO Services Ltd explains why the company chose to renew its lease at Premier House: “Premier House is a key strategic geographical facility supporting the ongoing defence sector logistics requirements of the business.”

Premier House is made up of three distinct warehouse areas with eave heights from 4.6m to 9m. The site also includes WC and canteen facilities, two-storey office and ancillary accommodation providing reception and offices.

Hortonwood Industrial Estate is one of Telford’s premier industrial locations situated at the intersection of the A442 and A518, approximately three miles north of the town centre. Occupiers on Hortonwood include BAE Systems, Denso Manufacturing, Heinz and the Telford International Railfreight Park (TIRFP).

Port operator Euroports is set to invest €10 million euro at quay 850, in the port of Ghent. The investment includes a state-of-the-art 85,000-ton warehouse, with value-added service equipment. Construction is scheduled to start this summer and the new facilities will be commissioned at the end of this year.

‘Ghent is key in our European network of bulk terminals. In 2015, we invested in strengthening our crane capacity in Ghent. This investment is the next step in offering strong supply chain solutions to our customers. We will be able to store extra volumes of dry bulk and offer additional flexibility in the handling of existing flows via a strong value added service offering. The unique location of the port of Ghent offers advantageous hinterland connectivity and supply chain cost savings to our clients. New business opportunities have led to the decision to increase the storage capacity and this investment will help us to achieve our growth targets in the bulk sector. ’ says Rudi Hanot, Business Transformation Director at Euroports.

At quay 850 in Ghent, Euroports handles fertilizers and minerals. In addition to the wide range of operational services, Euroports Ghent will offer value-added services which include screening and bagging. Over the years, Euroports has become an industry leader in the handling and logistics of minerals and fertilizers.

Euroports is one of Europe’s largest port operators and handles around 50 million tonnes annually of general cargo and dry bulk. It has 22 port terminals in Europe and 3 in China.

Stena has signed a contract, subject to Board approval by the end of April, for an order of four new RoPax ferries with planned delivery during 2019 and 2020, with an option for another four vessels. The vessels will be optimised for efficiency and flexibility and will be built by AVIC Shipyard in China. The intention is that the four initial vessels will be used within Stena Lines route network in Northern Europe.

“We are very pleased that Stena have signed a contract for four vessels with an option for another four. During the course of the past 24 months our engineering staff has managed to develop a design that is not only 50% larger than today’s standard RoPax vessels, but more importantly, incorporates the emission reduction and efficiency initiatives that have been developed throughout the Stena Group during the past years. These ships will be the most fuel efficient ferries in the world and will set a new industry standard when it comes to operational performance, emissions and cost competitiveness, positioning Stena Line to support its customers in the next decades”, says Carl-Johan Hagman, Managing Director of Stena Line.

The vessels will have a capacity of more than 3 000 lane meters in a drive-through configuration. The main engines will be “gas ready”, prepared to be fueled by either methanol or LNG.

“With this investment we are building on our successful RoPax concept mixing freight and passengers. Through standardization we secure a reliable operation and through flexibility we can provide an even better support to our customers and help them to grow”, says Carl-Johan Hagman.

“We foresee a continued demand growth for short sea services in Northern Europe and in many other parts of the world. Ferry transportation will play an essential part in shaping tomorrow’s logistics infrastructure if we are to have sustainable societies. Not only is transportation on sea the most environmentally efficient way of moving goods, it is also infrastructure that provides reliable and speedy logistics with very limited public cost. Through this investment we prepare Stena Line for further growth”, says Dan Sten Olsson, Chairman in Stena Line.