Menzies Distribution has sealed a £24.65m deal with property investment company Custodian REIT for the sale and leaseback of eight ‘last mile’ distribution centres. The eight properties are located in Aberdeen, Edinburgh, Glasgow, Ipswich, Norwich, Stockton-on-Tees, Swansea and Weybridge and will be leased back to Menzies Distribution on new 10-year leases. Custodian REIT acquired the portfolio by purchasing the entire issued share capital of John Menzies Property 4 Limited which owns the eight units. Menzies Distribution, which specialises in print […]
Menzies Distribution has won a five-year national contract with Newsprinters, which will see it providing primary trunking services to the business.
The DX Group shareholder leading the charge against the company’s proposed acquisition of John Menzies’ distribution arm has increased its holding in the company by 10%.
Menzies Distribution has opened a dedicated newstrade logistics hub in Inverness following a number of major contract wins this year.