Manchester Airport’s 825,000 sq ft World Freight Terminal estate has been acquired by Chancerygate from Columbia Threadneedle for an undisclosed sum. The urban logistics property developer and investment manager now owns the 54-acre, multi-let cargo facility adjoining the airport boundary. The site comprises 64 units across 17 buildings, along with standing accommodation and a development […]
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Yusen Logistics has committed to acquire the healthcare logistics business of the Walden Group through the acquisition of the entire share capital of Movianto International by entering into a Put Option Agreement with Walden Group International. Further to the completion of the consultation with the relevant works councils on this proposed transaction, which is compulsory […]
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Zencargo, the AI-powered digital freight forwarder, has appointed Gary Jeffreys as Senior Vice President, EMEA, as the company accelerates its push into more complex, enterprise-scale supply chains. Jeffreys joins Zencargo to help take the business into its next phase of growth, working with larger, more sophisticated shippers that require greater control, intelligence and accountability across […]
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Israel’s shipping giant, ZIM Integrated Shipping Services, is set to be sold to Germany’s Hapag-Lloyd and the Israeli private equity firm FIMI Opportunity Funds. The transaction is valued at approximately $3.7 billion. Notably, Hapag-Lloyd’s shareholder base includes the Qatar Investment Authority, which owns roughly 12.3% of the company, and Saudi Arabia’s sovereign wealth fund, which […]
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