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Wincanton adds to property portfolio

Wincanton adds to property portfolio

Wincanton the largest British logistics firm, has acquired two major new warehouse units at Medway in Kent and Harlow in Essex. The new leases total 500,000 square feet and are backed by a new customer contract.

Ian Henderson, Property Director at Wincanton, said:
“As a leading Third Party Logistics provider, we’re ideally placed to bridge the gap between the needs of landlords and tenants at a time when warehouse space is at a premium. Being so close to the market, our knowledge and reputation helps us to negotiate the very best deals for our customers.”

Wincanton operates warehouses across the UK and Ireland, offering both dedicated and shared user facilities. Additional services include bonded facilities, cross-dock, automation, co-packing and integrated warehouse management solutions.

As part of its offering, Wincanton works with customers to optimise the location of warehousing as well as the integration of transport operations, to deliver effective and efficient supply chains.

Ian commented: “We proactively review our property portfolio, ensuring that it is utilised effectively and that Wincanton is in the best position to secure new business. This includes not only disposal and acquisition, but also the restructuring of leases, and other asset management mechanisms to enhance value.

“Further expansion of Wincanton’s warehouse footprint is planned over the coming year. We are in the process of acquiring new, well-located distribution space to accommodate the needs of our customers.”

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