Travis Perkins ups warehouse capacity
Published: 16 July, 2010
NORTHAMPTON: Travis Perkins added another 45 000sqm of warehouse space signing a 17-year lease with warehouse owners ProLogis European Properties for another warehouse in Northampton.
Martin Meech, TP's group property director, said: "We were delighted to be able to source this high-quality facility so quickly. Our procurement and logistics strategy is undergoing complete restructuring and this is all part of an evolving business.
"We are therefore pleased to have consolidated our presence in the Northampton area, where we have added a million square feet of new warehousing space in the last two years."
The off-market deal confirms the continued reduction in availability of warehouse buildings of comparable size and quality in the Midlands said ProLogis.