Sheffield-based wholesaler and distributor Pricecheck has doubled its warehouse after leasing an additional site to cope with demand.
The deal, brokered by joint letting agents, Knight Frank and CBRE, sees Pricecheck take a lease of the 197,425 sq ft former Maplin building on Brookfields Park in Wath upon Dearne, Rotherham.
The additional space means Pricecheck now occupies 378,000 sq ft across two sites, which includes offices and mezzanine storage. The company has the capacity for 32,000 pallets.
The expansion will see some existing employees relocate as the new site gets up and running and over time will create more than 100 new jobs.
Mark Lythe, joint managing director (operations & finance), said: “We have ambitious growth targets and will continue to invest in all areas of the business to ensure we remain on track to achieve those.
“The expansion of our warehouse capacity is in line with our strategic plans for the next five years as we target a turnover of £200 million by 2025. Despite the challenges of Coronavirus, we remain very confident about the long-term prospects for our business.”
The company is investing £750,000 to fit-out the new premises with pallet racking, sprinkler systems, specialist aerosol storage, forklifts and equipment.
Rebecca Schofield, partner at Knight Frank, said: “This is a significant expansion for Pricecheck, and it is good to see market activity continuing at this level, despite the difficult operating conditions, which all businesses are currently negotiating.”
Pricecheck was advised by DLA Piper and Walker Wood Surveyors.