Yorkshire logistics company, Integrated Third Party Logistics (ITPL) has doubled its space and agreed a new lease at Wakefield 41 Business Park, West Yorkshire.
AEW UK Core Property Fund has funded the project, which sees ITPL expand its premises from 100,000 sq ft to 200,000 sq ft following a period of considerable growth.
The FMCG warehousing and logistics operator and specialist 3PL provider has increased its capacity to store in excess of 20,000 pallets alongside its reworking operation, which consistently delivers over 2000 pallets per week. The new facility now handled nearly 200 vehicle movements per day, operating every hour, seven days per week.
Acting on behalf of AEW, property consultancy AWS, negotiated the surrender of the existing lease and secured a new agreement with ITPL for a ten-year period with a rent review in five years. GMI Construction was contracted to deliver the expansion and surveyors firm Malcolm Hollis was the project manager.
Dave Ellis, director at ITPL said, “As a result of this additional 100,000 sq ft we will be creating more than 30 new job roles taking our total workforce to over 70 people.”
By Liza Helps