Wincanton has instructed property agent Savills to act as its sole property advisor across the UK and Ireland logistics portfolio.
The instruction will encompass acquisitions, disposals, asset management, landlord and tenant liaison and a range of other property services as required for Wincanton’s 110 leased sites. The firm’s property portfolio comprises 13 million sq ft of managed warehousing and 114 acres of land at over 200 locations.
Ian Henderson, group property director at Wincanton, says: “A dynamic and aggressive property asset management and acquisition strategy is at the heart of our business to maximise the value of the our portfolio. We look forward to extending our relationship with Savills and working hard to create further competitive advantage for both us and our customers.”
Stuart Murray, industrial director at Savills, will act as account and transaction manager for Wincanton. He comments: “We have been advising Wincanton on disposals for the last three years and are pleased to be expanding this role to cover all property advice across its leased sites in the UK and Ireland. Our immediate focus is on analysing the portfolio to ensure sites are being used to their full potential and acquiring new distribution space to accommodate Wincanton’s growing customer needs”.