Cash & carry business acquires 140,000 sq ft distribution facility
A cash and carry firm has bought a 140,000 sq ft distribution centre in north Nottinghamshire.
Hancock Cash & Carry has snapped up the building from former occupants Saint Gobain.
Supply chain firector at Hancock Cash & Carry, David Nelson, said: “It has been a pleasure working with Tim and the team at FHP throughout this project. The new site at Manton Wood will enable the Hancocks Group to continue its omnichannel growth while unlocking broader operational efficiency.
“On a backdrop of sustained Covid-19 business interruption it was a great relief to secure this site.”
Tim Gilbertson of FHP Property Consultants acted for Hancock Cash & Carry, while James Keeton of JLL, in conjunction with Rebecca Schofield of Knight Frank, acted on behalf of Saint-Gobain.
Gilertson said: “After an extensive search and detailed negotiations, I am delighted that we have finally pushed this deal over the line to acquire for Hancock Cash & Carry a further building of 140,000 sq ft in an excellent location close to the M1 at Worksop.
It has been a pleasure to deal with my clients on this instruction and to bring it to such a successful conclusion enabling them to continue their growth and success story despite the troubling times we have all encountered over the last few months is great to report.
“They are currently fitting the space out and should be up and running shortly enabling them to consolidate their presence within the region and react efficiently and effectively to their clients’ demands which have increased since the start of the year.
After having introduced to them any number of buildings and viewed many options too, it’s great that we’ve finally settled on a property that’s suited and it was a pleasure dealing with James Keeton of JLL and Rebecca Schofield of Knight Frank who acted on behalf of the outgoing tenant to agree and conclude terms for a transaction.”
Keeton added: “Working with our clients, we are pleased to have implemented an effective exit strategy on the building, ultimately relinquishing their interest and in the process enabling another occupier to utilise the space to grow their business. A good result all round.”