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Monday, July 17, 2023

W T Shipping acquires Hucknall Industrial Park, Nottingham

One of the UK's top independent operators within the freight and distribution services sector is opening a new base in the East Midlands.

W T Shipping Ltd, part of the WT Group of companies, which provides specialist services to meet the requirements of major retailers and their suppliers in the Far East and European markets, has acquired a 74,000 ft² warehouse on the Hucknall Industrial Park, Nottingham.

Headquartered in Essex, W T Shipping has a number of facilities in the UK, including one at Heathrow, which offer Customs-approved Bonded Warehousing.

Helen Longstaffe, head of the Industrial Agency team at King Sturge's Nottingham office, who represented W T Shipping, said that the company had acquired the warehouse, for an undisclosed sum, as part of its expansion programme. "It is a significant letting and reflects continued confidence in the region as one of the country's leading locations for the logistics & distribution sectors," she added.

The building was previously occupied by Howitts Printers, which leased the property and used it as a base for its large printing operation. However, interest in securing a new occupier was only secured after the owners decided to market the property as a freehold investment.

Fisher Hargreaves Proctor represented the vendor, Claremont Property Holdings Ltd.