Tenant commits to Wigan industrial asset following sale-and-leaseback
Melburg Capital completes 125,000 sq ft lease re-gear with G2S.
- What Melburg Capital completes 125,000 sq ft lease re-gear with domestic appliance specialist G2S at Swan Lane Industrial Estate in Wigan.
- Why Deal follows sale-and-leaseback in Q1 2020 and comes after exceptional period of trading for G2S.
- What next Re-gear sees G2S commit to estate until 2028.
Melburg Capital has completed a substantial lease re-gear with fast-growing domestic appliance importer and distributor G2S at Swan Lane Industrial Estate in Wigan.
G2S occupy 125,000 sq ft, representing 40% of the estate by floor area, following a sale-and-leaseback in Q1 2020. Having occupied since 2013, G2S have now committed to occupation of the estate until 2028.
The re-gear follows a period of exceptional trade for G2S, which has increased turnover from £50m to £80m, a record-breaking year. The company benefited from an exclusive Russell Hobbs license for white goods, microwave and floorcare equipment.
Lewis Moore, finance director at G2S, said: “We’re delighted with the successful period of trade having expanded our operations significantly over the last 12 months. It has been a pleasure to work alongside the Melburg team who really understand our corporate objectives and focus on working collaboratively to support our needs. We’re an aspirational business and anticipate growth in a similar trajectory moving forward.”
A spokesperson for Melburg added: “Depth of demand, limited availability, and a constrained development pipeline continue to drive the UK occupational market. It is fantastic to work alongside G2S, an exceptional business capable of adapting their model to thrive in a difficult period for the wider economy.”
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