Downton have signed an exclusive 20-year, full-occupancy lease on a 15,745m2 (169,478ft2) specialist distribution warehouse at Sharpness, Gloucestershire developed by Howard Tenens.
The new facility is in the perfect location to support the sustained growth of the business by strengthening capacity in the south-west to accommodate relocated current clients as well as recent, new contract wins. Downton have created 12 new jobs as a result of the new lease.
Built by Howard Tenens, the new Sharpness warehouse is located on the Severn Distribution Park, close to junctions 13 and 14 of the M5 and has excellent links to the South West and UK motorway network.
The facility is the largest speculatively developed warehouse building in the south-west and includes all the facilities necessary to support intensive, 24-hour distribution operations.
When fully-operational it will host a number of existing Downton client contracts, including AB InBev and Indesit as well as their latest client Fever-Tree, with further clients being brought into the new facility in due course.
Andrew Downton, MD at CM Downton, said: “This is an excellent facility in an ideal location to help us expand our operations and support new and existing clients as they grow their own businesses. In addition to Fever-Tree, Indesit and InBev, we will be bringing more contracts into this facility during 2017 in line with our development plans.”
Simon Emms, Property Director at Howard Tenens, said: “We are delighted to have secured Downton on a 20 year lease. This forges the relationship between two Gloucestershire companies for the long term and highlights the suitability of Sharpness as a logistics location. It also justifies the significant decision to speculatively develop a grade A warehouse in this locality and bodes well for our adjoining land where we have recently received planning consent for a further 40,877m2 (440,000ft2).”