Our commercial property team are delighted to have advised Lassic Group in respect of the purchase of a substantial distribution hub with ancillary offices.
The supplier of flat packed furniture and home furnishings is set to create jobs after acquiring the 175,000 sq ft distribution facility in Cleckheaton, West Yorkshire.
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 range of household products and furniture to both national and independent retailers throughout the UK and Europe.
Suresh & Raj Handa of Lassic Group “We are absolutely thrilled with our new freehold purchase. The highly sought after site boasts 175,000 square foot 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. The support, guidance and work rate of Schofield Sweeney has been fantastic as always, and also thanks to the teams at HSBC, Dhillon Accountants, GentVisick and all the Lassic Group Staff for all there help and support”
Pardeep Khela, associate, “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, Colliers International, GentVisick and HSBC UK Bank plc on this job and wish the Lassic team all the best with their purchase.”