The Cotswold Company has agreed a 10-year lease on a 139,202 sq ft distribution centre at Fradley Park near Lichfield in Staffordshire.
The move comes as the furniture and homewares firm is expanding its operational facilities to meet growing customer demand. This expansion will help the Cotswold Company to create at least 50 new jobs this year, and it is aiming to be up and running at its new Axis 38 unit by July.
Axis 38 is being constructed by GMI, with completion planned later in April. The warehouse is owned by Evans Property Group and incorporates 8,900 sq ft of fitted offices, a feature glazed entrance and 33 parking spaces.
Avison Young acted on behalf of the landlord in the transaction and SBH represented the Cotswold Company.
Alan Joseph, operations director at the Cotswold Company, said: “This new facility provides the platform for our continued expansion, and operating as much of our logistics in-house as possible allows us to maintain the standards our customers expect.”
Richard Bean, portfolio director for Evans, said: “The speed of the take-up demonstrates the current demand for ready-to-go industrial and warehousing accommodation of this size and calibre within Lichfield.”
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