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Colin Borland: Businesses need timely clarity and practical aid


Colin Borland
Yesterday’s latest, tentative step towards unlocking was – for those businesses able to take it at least – another sign that the end of this pandemic might finally be in sight.
There is, though, a world of difference between being legally allowed to open and being able to do so practically. Many of those rolling the shutters up yesterday are still subject to all manner of restrictions on when they can open, how they can operate, and how far apart everyone needs to be.
Others point out that, in reality, this makes it impossible to even cover their costs, far less turn a profit – meaning they’re staying closed until things ease further. Some beauticians, for example, highlight that, because they can’t remove a customer’s face mask at any time, they can’t currently offer a sufficiently wide range of services to make reopening viable. ....

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Glasgow Airport warehouse estate sold for £5.3m


A warehouse estate next to Glasgow Airport has been sold for £5.3 million.
Warehouse REIT, the AIM-listed company that invests in e-commerce urban and last-mile industrial warehouse assets in the UK, announced the acquisition of the modern multi-let warehouse estate on Glasgow Airport Business Park, totalling 55,600 sq ft, from Squarestone Asset Management.
The three units, which range from 16,500 sq ft to 21,600 sq ft, are occupied by two global transport, logistics and delivery companies and a craft beer distributor.
The buyer said the purchase price reflects a net initial yield of 6.3%.
The property generates a net rental income of £357,000 a year, equating to a low average passing rent of £6.40 per sq ft. ....

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