This increases the firm’s portfolio of high-quality warehouse space on Wrexham Industrial Estate, with a further 1.3 million sq ft of new build developments in the pipeline.
The deal was completed within four weeks and five days of the initial approach. All 50 members of the existing F.Lloyd’s staff have been retained, ensuring that business continues as usual for its many long-standing customers.
F.Lloyd (Penley) Ltd was established by Frank Lloyd back in 1975, and has remained in family ownership. The warehousing business provides individually-tailored storage solutions on long-term contracts or spot hire rental and possesses the largest collection of units on the entire estate.
Now a household name in Wrexham, F.Lloyd (Penley) Ltd’s clients range from local firms to national businesses, with customers located right across the UK.
The addition of F.Lloyd to the FIREM portfolio is expected to further strengthen and diversify the asset manager’s industrial offering to its own clients on the estate, and follows an increased demand for serviced warehousing.
Wrexham Industrial Estate sits within FIREM’s extensive UK 10m sq ft portfolio, comprising 5m sq ft of industrial space with a further 2.6m sq ft of new build property in development. Available spaces start from 500 sq ft to more imposing units of 80,000 sq ft.