The company has taken occupancy of a newly-built 332,000 sq ft ambient warehouse at Lymedale Business Park, Newcastle-under-Lyme. The new facility will accommodate 52,000 pallets, increasing our overall storage capacity to 187,000 pallet spaces.
The warehouse will provide much-needed capacity for us to accommodate the growth of existing customers as well as the acquisition of new business. Two hundred and fifty local jobs will be created to service the new warehouse.
The company has agreed a 15-year lease of the facility from Aver Property and initial capital expenditure is expected to be around £8.5 million. This investment is backed by our parent company, NWF Group.
Features of the new 18 metre-high warehouse include 57 trailer spaces and five tractor unit spaces, 88m deep yard and extensive two-storey office accommodation.
Speaking about the new acquisition, Managing Director Angela Carus said, “We have been on the look-out for suitable additional warehouse capacity for some time and are very fortunate to have sealed a deal with Aver Property. The warehouse is of the highest specification and within easy reach of our two existing sites in Wardle and Crewe.
“Demand for space from our existing customers and newly acquired business is on the increase which is great news for us.
“Our industry is constantly evolving and requires quick reactions and total flexibility for customers. For example, the biggest challenge during 2023 was managing unpredictable retail demands because of the current cost-of-living crisis and poor summer weather which both affected sales for our customers. This instability had a knock-on effect on customer stockholdings which created pressure on warehouse space.
“We are very pleased to have secured this additional space.”
The racking installation and general fit-out of the warehouse will commence immediately. Initial stock is anticipated to arrive at the end of March/early April and the warehouse will be fully operational by this Autumn.