Menzies Distribution Sells Warehouses

Menzies Distribution Sells Warehouses to Investment Company

Menzies Distribution Limited (MDL) has sold via a sale and leaseback transaction to Custodian REIT, the Leicester-based property investment company, a portfolio of properties worth £24.65 million. Included in the portfolio are eight “last mile” distribution units spread throughout the UK, each with a passing rent of £1.61 million, reflecting a net initial yield of 6.4 […]

Menzies Distribution Secured New Contact With Nisbets

Menzies Distribution Has Secured a New Contact With Nisbets

The logistics company Menzies Distribution has secured a new contract with Nisbets, the largest supplier of catering equipment in the UK. Menzies will be tasked with managing the weekly supplies of goods from Nisbet’s national distribution centre located in Avonmouth near Bristol. The goods will then be transported to the company’s 22 stores that are […]