Jul 21, 2021

Allianz Engineering tackles machinery theft

Allianz
Insurance
construction
Security
Dominic Ellis
2 min
Allianz Engineering is supporting a new taskforce focusing on construction plant and agricultural theft

Allianz Engineering is supporting a new taskforce focusing on construction plant and agricultural theft, as criminals continue to target sites in the UK and internationally.

As part of the Opal, the national intelligence unit focused on serious organised acquisitive crime (SOAC) across the UK, the Agricultural and Construction Equipment (ACE) unit will target construction plant and agricultural machinery theft.

The key message from the taskforce is to promote collaboration across all relevant industries  insurers and associations such as the Construction Equipment Association (CEA) and the Agricultural Engineers Association (AEA).

Steven Kelly, head of insurance for Engineering Construction & Power, Allianz Insurance, said: “It is definitely a step in the right direction, and with so many different insurers with a keen interest in construction, it is a real encouraging and positive step in fighting this type of crime. We look forward to working with the new unit, helping in any way we can to ensure they can get on with the job of catching these thieves.”

The first official launch of the unit was in April this year, where it was introduced to police forces nationwide, key partners and collaborating trade associations.

The first scheduled meeting of the ACE team, manufacturers, operators, hirers and insurers will take place in September, where formal introductions will take place, and objectives discussed.

With the sector facing universal supply shortages, building materials are hard to get a hold of - and attracting unwanted attention from criminals, everywhere from Ipswich in the UK to Florida in the US. Companies must also be vigilant securing sites that have been placed in lockdown, or working hybrid hours during the pandemic.

Theft is the most common crime in the sector with 21% of respondents stating that they experience theft each week and, overall, 92% are affected weekly, monthly or yearly, according to a report by The Chartered Institute of Building.

The most popular security measures are enhanced lighting and secure storage (93% of respondents) and the most common staff monitoring measures are reference checks (94%), qualification checks (90%) and the CSCS card scheme (85%). 

Electronic equipment registers are also useful in keeping a record of who last used the equipment and when, allowing equipment to be tracked if it goes missing.

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Jul 17, 2021

Segro sells six warehouses in Italy for €127.51 million

SEGRO
Logistics
Italy
Europe
Dominic Ellis
2 min
Segro has sold six warehouses across Italy for €127.51 million to Axa IM

SEGRO has agreed the sale of a portfolio of six Italian urban warehouses for €127.51 million to AXA IM.

The warehouses were developed by SEGRO-Vailog for a global online retail company to support the growth of its distribution network in Italy.

The warehouses, covering a total floor space of 56,000sqm, are located in Florence, Burago, Padua, Parma and Verona. Five of the sales have already completed and the sixth will complete later this year following practical completion of additional works.

David Proctor, Managing Director, Group Investment at SEGRO, said it developed and delivered the warehouses for one of our key customers to support their expansion plans.

"Investor demand for prime, modern industrial assets is very strong in Italy as a result of the rapid growth of e-commerce. The warehouses within this portfolio are located outside our core markets so we have chosen to capitalise on buoyant market conditions to sell this portfolio at a price materially ahead of December 2020 book value. We will be recycling the capital into exciting opportunities in other parts of Italy."

This month construction has begun creating the connection for the 35-acre strategic rail freight interchange (SRFI) at SEGRO Logistics Park Northampton Gateway. SEGRO is investing £190 million into infrastructure, including the new SRFI and significant improvements to the surrounding road network.

AIT Worldwide Logistics recently relocated its team of transportation logistics professionals in Italy to a new, larger location in Lainate, a municipality of Milan. According to AIT-Milan Branch Manager, Federico Vincinelli, the new space is three times larger than the team's previous location, with features including enhanced internet, a private security team, and an open, modern floor plan.

To read a profile on European logistics visibility platform Shippeo, which has an operation in Milan, click here.

Spain tenders Madrid cargo hub

Spanish airport operator Aena plans to launch a tender for a new Madrid cargo hub in the fourth quarter of 2021, as it looks to capitalise on a coronavirus-induced boom in freight logistics, according to a Reuters report.

The tender, for the rights to use an area of 32 hectares close to Madrid’s Barajas airport, is part of Aena’s and flag carrier Iberia’s plan to raise the profile of the airport and transform it into a larger international hub.

Aena will seek one or more investors for the wider development project, which will include building offices and hotels close to Europe’s fourth-largest airport, the report states.

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