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DTZ acquires distribution site

PROPERTY agency DTZ has acquired a new distribution facility in West Yorkshire for nursery products and safety brand Lindam Ltd.

PROPERTY agency DTZ has acquired a new distribution facility in West Yorkshire for nursery products and safety brand Lindam Ltd.

The property, U760 at the Thorp Arch Estate, near Wetherby, provides 147,304sq ft of space and will act as a major distribution hub for Lindam in the UK.

The company, which is currently based in Harrogate, will create new jobs for the area through this “significant” expansion.

Mark Rycroft, managing director of Lindam Ltd, said: “DTZ provided an excellent overview of the market, allowing us to develop a comprehensive premises brief.

“We were introduced to over 30 properties and provided with as much detail as required to make the best decision and achieve the best deal for the business.”

Mike Baugh (pictured), director of DTZ’s national industrial and logistics team in West Yorkshire, said: “This was a great project to be involved with. However, the brief was a challenging one given the lack of available large distribution facilities in the Harrogate area.

“Through our contacts and market knowledge we were able to identify this facility off-market, securing an excellent deal for Lindam.”

DTZ has negotiated a seven-year sub-letting from Capita, which was represented by Capita Symonds, with a significant tenant incentive for Lindam.

 

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