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 […]
The purchase of Bibby Distribution by Menzies Distribution in December last year is already paying dividends after the new addition – now named Menzies Distribution Solutions – landed a five-year extension to its contract with Ultraframe.
Menzies Distribution has expanded into delivering food products to over 500 One Stop stores to help the retailer cope with a surge in demand during the Covid-19 lockdown.
Newspaper and magazine transport firm Menzies Distribution has revealed that it is currently in talks with high street retailers about delivering other types of freight.