Partner Logistics, a European leader in frozen food warehousing and distribution, has secured the long-term future of its Hams Hall facility with the announcement of a 23-year lease buyback agreement.
Arranged with BP Investment Management for an undisclosed sum, the lease buyback has enabled Partner Logistics to establish a number of long term agreements for the 42,000 pallet frozen foods warehouse. Customers making use of the facility include Premier Foods, Iceland, Bidvest and David Wood Baking Group.
Speaking of the leaseback agreement, Mike Young, Head of UK Sales and Marketing at Partner Logistics, said: “Hams Hall is a key strategic warehouse for the frozen food industry given its central location so we are very pleased to confirm our long-term investment in the facility. The 23-year lease buyback will provide our customers with the security to continue integrating Hams Hall into their supply chain.”
Hams Hall is one of the UK’s leading frozen warehousing facilities and was recently confirmed as the second most carbon efficient frozen warehouse site in the country. Working in close partnership with RTS and DFDS, Partner Logistics offer clients a full service solution which boasts the fastest throughput rate of any equivalent facility in the UK.
Partner Logistics operates a network of 13 highly automated cold storage facilities across Northern Europe, with two further UK sites in Wisbech and Gloucester. The company currently provides its customers with a combined UK storage capacity of almost 200,000 pallets.