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 […]
Europa Worldwide Group has purchased some of the trade and assets of Menzies Response for an undisclosed sum.
Menzies Distribution has put “robust” contingencies in place to ensure service continuity, after the Unite union said its members would strike next week over a pay dispute.
Menzies Distribution has opened a dedicated newstrade logistics hub in Inverness following a number of major contract wins this year.