Furniture giant acquires major East Midlands depot
The Gallery Direct Group has secured a long-term lease on the new OrionOne warehouse at Markham Vale, near Chesterfield, from Aver Property – a joint venture between Ergo Real Estate and NFU Mutual.
This facility, off Junction 29A of the M1 Motorway, features over 224,000 sq ft of space, enough to house 35,000 pallets.
It will serve as Gallery’s northern packing, warehousing, and distribution hub, with enough space to accommodate the ongoing expansion of the business.
The property is also planned to accommodate a new 30,000 sq ft showroom over three floors.
Established in 1973 as a small family run business, Gallery Direct has grown to become a British-based designer, manufacturer and worldwide distributor of furniture, home decor and accessories.
Peter Delaney, managing director at The Gallery Direct Group, said: “We are absolutely delighted to have secured this prestigious facility in an amazing northern location.
“The fact is that this new property, combined with our southern warehouse and head office, improves further our distribution and operational capacity.
“We will be able to serve 96% of our clients’ requirements with one day delivery times, utilising our own home distribution fleet.”
Paul Mack, director at Gent Visick, who acted for Gallery Direct, said: “It was a privilege to have had the opportunity to assess and advise on the Group’s distribution network and implement a strategy, which ultimately led to the acquisition of this new flagship logistics facility.
“The insatiable demand for large scale logistics buildings across the UK is making it increasing difficult for occupiers similar to Gallery Direct to secure new premises and I am really pleased that we have managed to secure this truly fantastic building on their behalf.”
Rob Whatmuff, from Colliers, added: “We are delighted to have advised Aver Property on this transaction. Agreeing the deal in advance of practical completion is testament to both the quality of the building and the Markham Vale location.”
Colliers and Burbage Realty represented Ergo Real Estate, while property consultancy Gent Visick represented Gallery Direct Group.
