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 […]
DBAY warns Eddie Stobart Logistics shareholders to vote for its proposal or face “imminent liquidity shortfall”
Eddie Stobart Logistics (ESL) will see lenders pull out and face an “imminent liquidity shortfall” if shareholders reject DBAY Advisors’ takeover bid, DBAY warned this week.
Troubled haulier Eddie Stobart Logistics (ESL) has won a six-month breathing space on repaying a £200m loan and more than a year’s extension before it has to prove to its lenders it can service the debt.