Parcel delivery giant Hermes UK, supported by Lambert Smith Hampton (LSH), has acquired two units in the North of England measuring a combined 159,304 sq ft.
The 111,600 sq ft depot at Europort Wakefield has been acquired to provide a long term facility for the company and add significant capacity, servicing the surrounding area following the surge in online shopping during the Covid-19 pandemic.
The 47,704 sq ft acquisition at Boldon Business Park, Gateshead will ensure the current facility has the capacity to cope with the increased volumes at the Tyneside Depot.
Alex Mitchell, at LSH London, said: "We are delighted to have advised Hermes UK in the acquisitions of two excellent facilities for their operations in the North. The acquisitions are just two of a number of projects we are currently assisting with nationwide to cater for the company's long term growth plans."
Scott Morrison, at LSH Leeds, added: "Supply levels across the North East and Yorkshire continue to reduce for well-located logistics space, with a particular supply imbalance in the North East which has made it difficult to satisfy our clients' medium term solution.
"Our tenacious approach for Hermes has resulted in two excellent acquisitions of prime units within their respective locations and satisfied an immediate and long term operational mandate for our client."
Hermes UK delivers more than 400 million parcels every year. It currently has more than 20,000 self-employed couriers and recently announced plans to create 10,000 jobs.
The Link LonkJuly 28, 2020 at 02:10PM
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Hermes acquires pair of units - Insider Media
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