Stobart Group has completed a sale and leaseback of its DC at Carlisle Airport for £16.9m. The group has owned the airport since 2009, and its in-house engineering team Stobart Rail completed the build on the DC last September. The 96,012m² site was bought by real estate investor Gramercy Europe, which has signed a 20 year lease with Eddie Stobart Logistics. Stobart will operate in 79,248m² of the facility, providing storage space for two of its long-term distribution contracts. The […]
BCA Marketplace has hit the acquisition trail once more, snapping up automotive services group Paragon Automotive for £105m.
The success story of the first half of the year, without doubt, is UK Mail. It simply, absolutely, will not stop, moving parcels with volumes up 25% in the first quarter year-on-year. If you had bought a share in the firm in January, it would have set you back 365p (giving the firm a market capitalisation of £199m). If you would buy one today it is 580p (giving UK Mail a market cap of £319m). That’s a share price rise […]