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Gregory Distribution leases Bristol warehouse property24th October 2013

Gregory distribution leases Bristol warehouse propertyTransport company Gregory Distribution has taken a lease on the recently refurbished 41,470 sq ft One Highwood Road industrial unit, in North Bristol, from property landlord La Salle Investment Management - the deal was advised by joint agents Knight Frank and Hartnell Taylor Cook.

Gregory has taken a 10 year lease at a rental of £4.95 per square foot on the prominent detached warehouse which has a large secure yard. It was advised by Jones Lang LaSalle

Andy Walker, managing director at Gregory Distribution said: “We are delighted to have secured this facility for our Bristol based operations, which will allow us to provide additional services to our customers.”

Russell Crofts, industrial partner at Knight Frank in Bristol, said: “It is great to welcome to Patchway such a well-known name in the South West distribution sector. La Salle Investment Management’s confidence in the market has been repaid after spending £300,000 in refurbishing the building.”

"It demonstrates how the Trading Estate continues to be an important location for High Street distribution in the region, and its location close to junction 17 of the M5 is one of the best in the area.”

Chris Miles at Jones Lang LaSalle said: “We were pleased with the speed and ease with which the landlord was able to provide this facility for our client.”

Founded in 1919, Gregory Distribution is a privately-owned distribution business based in the West Country. It lists many national brand names amongst its customers. The company now operates from 17 sites from Scotland to West Cornwall, and has 450 trucks, 1,450 employees and an annual group turnover of over £130 million.

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