FDC Holdings, a logistics specialist based in Preston, has purchased its HQ building from Harworth, its former landlord. The 330,000 sq ft unit, situated on Four Oaks Road in Walton Summit, includes 20,000 sq ft of office space. The company has said it plans to invest £2m on a range of building improvements and capital equipment. TPN The Pallet Network’s northern hub also takes place at the site. The acquisition brings the firm’s total space to almost one million sq ft across three sites in Blackpool and Preston.
“This is an important step for our business,” said FDC Holdings chairman Peter Allen. “Owning the building gives us the control we need to invest in more client-facing infrastructure and resources. We make a commitment to our clients about service levels and having control of more of the moving parts that allow us to keep that promise is vitally important.”
The £25m turnover business provides palletised distribution, haulage, storage, and fulfilment services across a range of sectors, including the food and drinks industry, NHS, construction and on-line retailing. Its HQ is located within a mile of the M6, M61 and M65 motorways.
Oliver Foster of Savills’ Manchester office handled the sale for the vendor. Legals were handled by the Preston office of Harrison Drury for FDC Holdings, with Freeths in Liverpool advising Harworth.
“It’s great to see a longstanding client going from strength to strength. We’re thrilled to have assisted Peter in the latest stage of FDC’s growth journey by advising him on the purchase of the premises, which puts the business firmly in control of its future at the site,” commented Nicola Beneduce, partner in the commercial property team at Harrison Drury.
Preston-based architects JYM Partnership has been retained to advise on the refurbishment plans for the building.
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