Brighouse lettings firm bags decades-long lease deal with alcohol supplier
Brighouse-based commercial and industrial lettings specialist Towngate PLC has secured a 20-year lease with wine and spirits warehousing company, London City Bond (LCB).
LCB is the UK’s largest privately-owned tax warehousing company in the UK. The firm has now further expanded with an additional site - the newly constructed 55,000 sq ft TL1 unit, which forms part of the phase one development at Towngate Link.
LCB will benefit from a newly-constructed distribution unit, which includes a working height of 12m and two-storey grade A office accommodation.
LCB’s sales director, David Hogg, commented on the new property: “The proximity and location of the new unit was perfect for us, as our existing property is just over the fence.
“We are very proud of the site, and we’re assured that it will be maintained to this high standard throughout our 20-year lease.”
Dock and ground-level loading bays are set to increase efficiency of movement of products, and the deep service yard should improve vehicle circulation.
In addition, a pre-fitted CCTV system will provide security on-site. The space is situated next to the firm’s existing warehouse in Leeds.
Towngate’s managing director, Robert Smith, added: “This is a fantastic letting for Towngate, and we’re really excited to have LCB as part of our client portfolio.
“The company needed a larger space to expand into, and TL1 fits the bill perfectly as it’s located on Leeds’ most established industrial site, with close proximity to the M1 motorway network.
“We’re looking forward to working with LCB over the coming years.”
The construction of Phase II at the Towngate Link site is due to commence in June 2019, and will comprise of further 15,000 sq ft and 55,000 sq ft properties.
Towngate PLC was represented by partner at Knight Frank, Iain McPhail and director at Gent Visick, Paul Mack.
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