Growing technology distributor takes over logistics premises
Technology distribution and specialist service provider, Exertis, has relocated its Yorkshire base to a new distribution centre on the M62 corridor at Lowfields Business Park, in Elland.
In an off-market transaction, the business has expanded into a modern distribution facility totalling 127,000 sq ft, which was previously occupied by online electronics and consumer goods retail giant, Buy It Direct.
Exertis, part of FTSE 100 listed DCC plc, has taken over Buy It Direct’s existing lease which runs until December 2031.
The move has enabled Buy It Direct to consolidate its distribution centres, to improve efficiencies across the business, and relocate products into its existing distribution facility at Trident Business Park in Huddersfield.
Buy It Direct was advised on the deal by Leeds-based property consultancy, GV&Co, alongside joint agent, Huddersfield’s Hanson Chartered Surveyors.
Exertis employs about 3,900 people in 21 countries and its core business is the distribution of products and services from the world’s leading and emerging technology companies to a network of more than 50,000 resellers and retailers globally.
It has relocated its Yorkshire base from smaller premises on Lowfields Business Park.
Nick Glynne, CEO of Buy It Direct, said: “Consolidating our warehousing and distribution centres will create significant efficiencies within our business, which will ultimately further enhance the level of service that our customers enjoy.
“We’re particularly pleased to complete this deal in such a timely manner, which was helped by the willingness and flexibility of all parties involved.”
Paul Mack, director at GV&Co, said: “To conclude this transaction within six weeks of being instructed, which was by no means straightforward, was an almighty effort.
“We are happy to achieve such a fantastic result for our client, Buy It Direct, as well as being able to facilitate the continued growth of Exertis Supplies.”
Mark Hanson, of Hanson Chartered Surveyors, added: “This was a herculean effort by everyone involved to make it work in such a tight timeframe, but we’ve succeeded to everyone’s advantage, and I’m thrilled we could pull it off for Buy It Direct and Exertis Supplies.”
GV&Co and Hanson Chartered Surveyors represented Buy It Direct alongside Levi Solicitors, while Pannone Solicitors represented Exertis.
