PPB grows Leeds operation after purchasing 60,000 sq ft unit

PPB is set to expand its Leeds operations after acquiring the former Q8 Lubricants unit on Cross Green Industrial Estate.

PPB is an independently owned distributor and converter of point of purchase materials and substrates to the screen print, digital and large format markets.

Acting on behalf of Aviva Investors, Bilfinger GVA completed the sale of the unit.

The unit, which extends to 61,184 sq ft, was occupied by Q8 Lubricants from its initial construction, until the company vacated the property early this year.

Commercial real estate adviser Bilfinger GVA was appointed to market Aviva Investors’ long lease interest in the property.

Graham Cheesebrough, finance director of PPB, said: “We are delighted to have found excellent new premises in Leeds as the next stage in our strategic growth plan. With good road links, it provides us with a great base to better serve our UK customers.

“PPB has offices located not only in Leeds but Leicester and London. PPB’s Leeds facility is ideally suited to house our state-of-the-art sheeting and re-rewinding equipment along with modern warehousing to store our paper based products along with our new industrial plastics and digital display materials.”

Rob Oliver, director at Bilfinger GVA, added: “We were pleased to be appointed by Ben Lomax of Aviva Investors to market this unit.

“It is well laid out on site, and occupies an excellent location on Cross Green Industrial Estate, which has excellent accessibility to Leeds and the M1 Motorway.

“There is such a shortage of opportunities for investors and occupiers to acquire premises, so we knew it would attract a very good level of interest.

“Numerous parties viewed the unit and we held a competitive bid process, which resulted in bids being received from a range of occupiers and investors, and ultimately us agreeing the deal with PPB.”

Gent Visick acted on behalf of PPB.

Andrew Gent of Gent Visick, commented: “PPB had been looking for new premises for some time and when this property was brought to the market we were delighted to be able to advise them upon the acquisition of the long leasehold interest despite interest from several parties.

“The property will provide them with an excellent base from which to further grow their business.”