Warehouse owners are experiencing the “favourable dynamics” of Brexit, according to sheds firm Tritax Big Box which on Wednesday said customers are stockpiling car parts, drugs and even hairspray.
Colin Godfrey, a partner at the FTSE 250 property firm, said demand for space is high as manufacturers prepare for potential no-deal border delays.
Godfrey added that the company expects more overspill work at its Erith site used by Ocado while the online grocer grapples with the aftermath of a fire at its Andover warehouse.
Tritax Big Box, which counts Unilever and Morrisons as customers, saw rental income jump 28% to £161.1 million in 2018. It upped the dividend by 4.7%.
Meanwhile Alton Towers landlord Secure Income Reit reported annual rental income up to £125 million from £95.7 million.
The firm, which also leases properties to Travelodge, increased the dividend 2.2% to 13.9p.
During the year Secure Income Reit bought buildings including the Manchester Arena and London events space The Brewery, Chiswell Street.
