Tableware manufacturer acquires distribution centre
Stoke-based tableware manufacturer Steelite International has acquired a distribution centre in Newcastle under Lyme.
The company has agreed a 10-year lease with a break option at year five at Lymedale 50, a 50,000 sq ft industrial unit located on Lymedale Business Park, close to the M6 at Junctions 15 and 16.
Property consultancy Harris Lamb acted has on behalf of Steelite, and agreed with the landlords on a rate below the quoting rent of £6.00 per sq ft.
Steelite are fitting out the unit for occupation in May 2018.
Phil Ray, group company secretary at Steelite, said, “The unit is ideal for our growing business and enables us to further increase our manufacturing output at our nearby Orme Street factory.”
Andrew Groves, of Harris Lamb’s Agency team, said: “There is a short supply of buildings of this size currently available in North Staffordshire so being able to identify the unit early on enabled us to agree heads of terms before the building was fully marketed.
“It provides Steelite with a high quality facility to enable further expansion for this high profile ceramics manufacturer. It also enables the business to continue its focus of employing a North Staffordshire workforce.”
