Sportswear giant speeds into new 261,000 sq ft warehouse to support its growth

Global sportswear company, Puma, has leased a 261,000 sq ft warehouse on ‘Super G’ at Glasshoughton – where its 125 staff will be based to support the firm’s growth plans.

The deal sees Barwood Capital secure its largest warehouse letting in partnership with Tungsten Properties and British Airways Pension Trustees.

Puma has taken the newly built 261,000 sq ft (24,248 sq m) industrial warehouse for its national distribution centre on a 15 year lease at a rent of £5.75 per sq ft. The company has commenced a fit out of the building .

Simon Venediger, finance director, Puma UK, said: “With over 40 years’ presence in Yorkshire and with a valuable and loyal workforce of 125 it was our priority to find a new distribution hub which would sustain our existing business and facilitate our exciting future growth plans; in Super G we have identified an outstanding facility which meets both needs.

“PUMA is delighted to continue its association with Equites, and thanks Barwood Capital and Tungsten in delivering a first-class product.”

‘Super G’ is a prominent 13-acre site on Whistler Drive, Castleford just off junction 32 of the M62. It forms part of the wider Glasshoughton colliery redevelopment site undertaken by Waystone.

Barwood Capital, through its Barwood Property 2017 Fund, and British Airways Pension Trustees acquired the site in July 2018 and speculatively developed the warehouse with development manager Tungsten Properties. ‘

Meanwhile, following an unsolicited approach, the building has also been sold to South African specialist industrial REIT, Equites Property Fund for £30.7m.

Andrea Taverna-Turisan, chief executive officer of Equites Property Fund said: “We are very pleased with another high-quality acquisition which contributes to the quality of our existing portfolio in the UK. Equites is eager to build on our existing relationship with PUMA as the group already houses its head office and lead distribution facility in Sub-Saharan Africa and looks forward to growing this relationship moving forward.”

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