Sheffield-based wholesaler and distributor Pricecheck has expanded its warehouse operations with a deal for the former Maplin headquarters building to help meet increased demand
The company has doubled its warehouse capacity after leasing the 197,425 sq ft building on Brookfields Park in South Yorkshire.
The additional space means Pricecheck now occupies 378,000 sq ft, across two sites, which includes its offices and mezzanine storage, giving the capacity for 32,000 pallets.
The company is investing a further £750,000 to fit-out the new premises with pallet racking, sprinkler systems, specialist aerosol storage, forklifts and equipment.
Some existing employees will relocate as the new site gets up and running, with more than 100 new jobs also set to be created.
Mark Lythe, joint managing director (operations and finance) at Pricecheck, said: "We have ambitious growth targets and will continue to invest in all areas of the business to ensure we remain on track to achieve those. "The expansion of our warehouse capacity is in line with our strategic plans for the next five years as we target a turnover of £200m by 2025. Despite the challenges of Coronavirus, we remain very confident about the long-term prospects for our business." The deal was brokered by joint letting agents Knight Frank and CBRE. Rebecca Schofield, partner at Knight Frank, said: "This is a significant expansion for Pricecheck, and it is good to see market activity continuing at this level, despite the difficult operating conditions, which all businesses are currently negotiating."