A shortage of warehousing space in the UK boosted Howard Tenens’ turnover and pre-tax profit in its last economic year, due to the operator’s significant property holdings and an increase in demand. For the year ended 30 September 2015, Howard Tenens saw its pre-tax profit rise 52% to £5.1m (2014: £3.4m). Logistics director Jamie Hartles said: “One of the reasons our figures look good is because in the UK warehouse market for storage space, there’s been very little speculative build. […]
CM Downton has signed a 20-year lease at Bristol Gateway, on a speculative build completed by Howard Tenens in April of this year.
Norbert Dentressangle has been appointed by online sporting community Tribesports to support the launch of its own-brand range of sportswear.
Online retailer Shop Direct – owner of the Very and Littlewoods brands – is to open a 500,000 ft2 automated fulfilment centre near Castle Donington in Leicestershire.