POS Direct increases Leicester footprint
Property company Lambert Smith Hampton (LSH) has acquired a 70,000 sq ft Leicester warehouse on behalf of POS Direct.
Distribution, storage and e-commerce provider POS Direct will move into the site which is located in unit three on Radar Road in the city.
LSH said the deal was the biggest modern warehouse letting in Leicester this year.
POS Direct, which has five other facilities in the Leicester area, is expanding to accommodate anticipated growth in the next few years.
The 70,110 sq ft building has a secure service yard, single level access, five dock loading doors and offices. Nearby occupiers include Crown Bevcan and Midlands Co-operative.
As well as acquiring and agreeing the lease terms on behalf of POS Direct from landlords Cert Octavia PLC, LSH provided building consultancy advice.
The landlord was advised by Burbage Realty and Colliers CRE.
Geoff Gibson, director in LSH’s Leicester office, said: "This is an excellent, well-located modern building which should serve POS Direct well. Supply is tight at the moment and there are very few modern, high quality 50,000-plus sq ft units available."
