Pedigree Wholesale to Open New Distribution Depot in Leeds
20th October 2010
NG secure 20,000 sq ft warehouse premises in Leeds
Acting on behalf of Nottingham based pet products distributor, Pedigree Wholesale, Ray Valenti has acquired some 20,000 sq ft of modern warehouse accommodation at Albion Park close to the centre of Leeds. The company will relocate its northern distribution depot from a much smaller warehouse at Batley into the new property prior to the end of this year.
Pedigree has taken a new 12 year lease at a concessionary rent with a substantial incentive package and a long rent free period.
Rachael Briggs of Nottingham law firm Browne Jacobson carried out the legal work on behalf of Pedigree.
Steve Brown, Managing Director of Pedigree, commented “Ray Valenti and Rachael Briggs worked really hard together to complete this deal within a very challenging timescale and I am delighted with the result. We intend to fit out the new property immediately and take up occupation prior to the Christmas break”.
“Currently it is a very soft market when you are acting for a tenant in this situation”, commented Ray Valenti. “However, I think we achieved a remarkably good package on behalf of our clients and I am therefore very happy with the deal”.
NG has now been instructed by the company to advise on the refurbishment of its existing freehold depot at Batley followed by its marketing for disposal in early 2011.