One of the UK’s leading suppliers of quality flat packed furniture and home furnishings has acquired substantial new distribution premises in Cleckheaton, which will create up to 50 new local jobs.
Located on Bradford Road in Cleckheaton, the facility was previously home to Westex Flooring. The company has now relocated to Dewsbury.
Lassic Group was represented by property consultancy GV&Co, as well as Schofield Sweeney, which provided legal advice. The premises were marketed by Michael Steel & Co.
Lassic Group is a family-owned business with existing UK distribution facilities in both Bradford and Brighouse, as well as staff and manufacturing bases in the Far East and South America. The company sources, imports and distributes a vast range of household products and furniture to both national and independent retailers throughout the UK and Europe.
Suresh and Raj Handa of Lassic Group said: “We are absolutely thrilled with our new freehold purchase. The highly sought-after site boasts 175,000 sq. ft of warehouse capacity and now gives Lassic Group access to three warehouses with over 400,000 sq. ft of total warehouse space. This will allow us to add more products to our portfolio, which allows our business to expand and grow to the next level to become one of leading furniture suppliers in both the UK and EU.
“The transaction will create up to 50 new jobs for the area taking our total head count to around 150 members of staff. GV&Co were instrumental in advising on this transaction, whilst Schofield Sweeney provided fantastic legal advice and guidance throughout. Also, thanks to the teams at HSBC, Dhillon Accountants and all the Lassic Group staff for all their help and support.”
Paul Mack, director at GV&Co, commented: “The Westex Building provided a very rare opportunity to acquire the freehold interest in a large-scale distribution facility just off the M62 motorway. We are therefore delighted to have advised Lassic Group on this transaction, whilst working alongside Schofield Sweeney.”
Pardeep Khela, associate at Schofield Sweeney, said: “I am thrilled to get this deal over the line and achieve a great result for the Lassic Group. The site itself is quite complex and involved calling upon our property, banking and environmental expertise to ensure a swift completion. I thoroughly enjoyed working with the Lassic Group, GV&Co and HSBC UK Bank plc on this job and wish the Lassic team all the best with their purchase.”