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Target Takes Two New Distribution Sites

LONDON-Parcels distributor Target Express has stepped up its acquisitions programme with deals in Coventry and Bristol. The company is opening a nationwide chain of distribution centres.

By Steve Killick | Updated on July 18, 2001

LONDON-Warrington based despatch group Target Express Parcels is continuingits aggressive acquisition policy with two recent deals totalling over300,000 sf. The company has just agreed terms at the Triangle, closeto junction two of the M6 in Coventry, for 297,197 sf on 15.8 acresfor the former Alvis headquarters.

A rent of £1.025 million ($1.45 million) per annum with a six month rent free period has been grantedby Prudential with break clauses and rent reviews after five and a halfand 10 and a half years. Although originally zoned as B1 a B8 user hasbeen granted for the specific use of Target. The new site will providethe company with its second major site in Coventry and will handledistribution throughout the north of England, Scotland and Ireland.

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