CWC Group completes sale
Clowes Developments (UK) Limited has completed the sale of another unit at its East Midlands Distribution Centre (EMDC) development in Castle Donington.
Birlea, a supplier of contemporary furniture across the UK, has purchased an additional 50,000 sq ft building.
The sale is the first completed by the CWC Group since David Clowes’ recent appointment as Chairman, demonstrating his strategy of moving the business forward by a flexible approach to leasing and selling properties.
Birlea, which was founded 18 years ago and employs 45 people, now occupies two buildings at EMDC and aims to become the largest importer of furniture into the UK.
EMDC has attracted national names taking advantage of such a prime location just off Junction 24 of the M1. Marks & Spencer employs around 1,000 staff at its 1 million sq ft National Distribution Centre. Commercial refrigeration and catering equipment company Interlevin and roofing supplies firm Klober are also based on the site.
The deal means EMDC can still offer around 1 million sq ft of new build distribution space in a range of buildings from 30,000 sq ft to 550,000 sq ft.