Partner Article

Flying start for Knight Frank

Knight Frank’s recent appointment as regional property adviser to Travis Perkins, the FTSE 100 company supplying the building and construction trades through 18 industry-leading brands including City Plumbing Supplies, Tile Giant and PTS has had a flying start with three significant acquisitions.

Mark Proudlock, partner, industrial agency, Knight Frank says Knight Frank’s role is to advise on acquisitions of property across Teesside, Co Durham, Tyne & Wear and Northumberland. “We are delighted to have recently completed on the acquisition of properties on behalf of Travis Perkins Group in Durham City, Middlesbrough and North Tyneside with a total size of just over 74,000 sq ft. We are actively looking at a number of other opportunities as part of our brief,” says Mr. Proudlock.

In Durham City, City Plumbing Supplies has acquired a prominent, 3,508 sq ft trade unit on the Abbey Road Business & Trade Park, close to Arnison Retail Park. In Middlesbrough a 25,476 sq ft unit has been acquired on the Sotherby Road on the well-established Skippers Land Industrial Estate for Travis Perkins Builders Merchants and on North Tyneside, a 45,201 sq ft distribution unit has been acquired on the New York Industrial Estate for PTS Group from Newcastle’s Scotswood Road.

“Travis Perkins Group operate in a highly competitive market and operational efficiency, access to the customer and visibility are essential. Key to success is the identification of the best properties in the optimum locations” adds Mr. Proudlock.

Tom Boden of Travis Perkins says the acquisitions are an excellent step forward in the company’s review of its property portfolio. “Travis Perkins Group is committed to investing in the North East and Knight Frank’s local knowledge has helped us identify properties which offer the platform we need to offer the best service possible to our customers”.

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This was posted in Bdaily's Members' News section by Knight Frank .