£25m-turnover merchandiser acquires new facilities
MERCHANDISING firm and display specialists PPB have bought a large new facility to aid their growth plans.
Formerly the Q8 Lubricants site on Cross Green Industrial Estate, the new facility will now be home to the distributor of Point of Sale materials.
The 61,184 sq t site was built in 1980 and extended in 1985. Bilfinger GVA sold the site on behalf of Aviva Investors.
It was occupied by Q8 Lubricants until the company vacated the property early this year.
Graham Cheesebrough, finance director of PPB, said: “We are delighted to have found excellent new premises in Leeds as the next stage in our strategic growth plan. With good road links, it provides us with a great base to better serve our UK customers.
“PPB has offices located not only in Leeds but Leicester and London. PPB’s Leeds facility is ideally suited to house our state-of-the-art sheeting and re-rewinding equipment along with modern warehousing to store our paper based products along with our new industrial plastics and digital display materials.”
Rob Oliver, director at Bilfinger GVA, said: “We were pleased to be appointed by Ben Lomax of Aviva Investors to market this unit. It is well laid out on site, and occupies an excellent location on Cross Green Industrial Estate, which has excellent accessibility to Leeds and the M1 Motorway.
“There is such a shortage of opportunities for investors and occupiers to acquire premises, so we knew it would attract a very good level of interest. Numerous parties viewed the unit and we held a competitive bid process, which resulted in bids being received from a range of occupiers and investors, and ultimately us agreeing the deal with PPB.”
Gent Visick acted on behalf of PPB.
Andrew Gent, of Gent Visick, said: “PPB had been looking for new premises for some time and when this property was brought to the market we were delighted to be able to advise them upon the acquisition of the long leasehold interest despite interest from several parties. The property will provide them with an excellent base from which to further grow their business.”
