MEDICAL DISTRIBUTOR AGREES 10-YEAR-LEASE ON KIDSGROVE WAREHOUSE
A distributor of first aid products has signed a 10-year lease on a production facility near Stoke-on-Trent.
Reliance Medical UK has signed the lease on the former GE Energy warehouse on West Avenue, Kidsgrove in a deal agreed by Harris Lamb and Cushman & Wakefield.
The 36,466 sq ft unit is part of a larger production facility and will be used as Reliance UK’s national hub.
Andrew Groves, Director at Harris Lamb’s Stoke office, said: “Modern warehouse units in Stoke-On-Trent are in short supply, with demand outstripping supply.
“The landlord of this site is committed to addressing the industrial stock shortfall within the region and is undertaking a redevelopment of the whole site. The first phase saw this building separated from the remainder of the site and Phase II will deliver a further 50,000 sq ft of high quality manufacturing / warehouse space available for occupation next year.
“As a modern facility with excellent road links, we received high levels of interest from potential new occupiers, and within weeks of being on the market, the site was under offer.”
Edward Kennerley, Senior Surveyor in Cushman & Wakefield’s National Logistics and Industrial team, added: “Having taken the unit back from the previous occupier, the landlord has adopted a very proactive approach to the site and we look forward to working with them on the next phase of scheme which has already attracted good interest.”
Andy Pear, CEO Reliance Medical Ltd said: “We are delighted to have found an ideal base for our UK operation, just six miles from our current site. This enables us to keep our excellent team together, and gives us the space that we need to continue our rapid growth.”