GV&Co and Hansons advised. Credit: via Candid

Exertis takes over Buy It Direct’s Elland lease

In an off-market deal, the tech distributor has relocated to the 127,000 sq ft facility at Lowfields Business Park, allowing its former occupier to consolidate operations in Huddersfield.

Exertis, part of FTSE 100-listed DCC, has taken over Buy It Direct’s existing lease which runs until December 2031.

Online electronics retailer Buy It Direct will consolidate its distribution centres, to improve efficiencies across the business, and relocate products into its existing distribution facility at Trident Business Park in Huddersfield.

Buy It Direct was advised on the deal by Leeds-based property consultancy, GV&Co, alongside joint agent, Huddersfield’s Hanson Chartered Surveyors.

Levi Solicitors provided legal advice for Buy It Direct, with Pannone acting for Exertis.

Exertis employs approximately 3,900 people in 21 countries and its core business is the distribution of products and services from the world’s leading and emerging technology companies to a network of more than 50,000 resellers and retailers globally. Exertis has upgraded its Yorkshire base from smaller premises on Lowfields Business Park.

Nick Glynne, chief executive of Buy It Direct, said: “Consolidating our warehousing and distribution centres will create significant efficiencies within our business, which will ultimately further enhance the level of service that our customers enjoy. We’re particularly pleased to complete this deal in such a timely manner, which was helped by the willingness and flexibility of all parties involved.”

Paul Mack, director at GV&Co, said: “To conclude this transaction within six weeks of being instructed, which was by no means straightforward, was an almighty effort. We are delighted to achieve such a fantastic result for our client, Buy It Direct, as well as being able to facilitate the continued growth of Exertis Supplies.”

Mark Hanson, of Hanson Chartered Surveyors, added: “This was a herculean effort by everyone involved to make it work in such a tight timeframe, but we’ve succeeded to everyone’s advantage, and I’m thrilled that we could pull it off for Buy It Direct and Exertis Supplies.”

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