A growing e-commerce business which works on behalf of some of the world’s leading brands is opening a Midlands base after purchasing four industrial units in Rugby in a multi-million pound deal.
Rex Brown, which specialises in sourcing, branding and distribution, has purchased four warehouses on Lawford Heath Industrial Estate.The company works for brands including Unilever, Kimberley-Clarke, Duracell and Fitbit and is set to launch its new Midlands base in the largest part of the site, spanning around 125,000 sq ft, as part of plans to expand the business and enhance its offer to customers.
The buildings were sold for a seven-figure sum by leading property agent Fisher German on behalf of its client DK Group which will now lease back two of the buildings to house its timber casemaking and automotive returns businesses. Ash Kandhari, managing director of Rex Brown, said: “We are delighted to have completed the purchase of this site. We see Rugby as an important logistical location for the further development of our business and this site will allow us to continue to develop our core services across sourcing, branding and distribution for our customers.Retailers and customers use us every day to find, discover and buy products across our platforms and we are extremely focused on growing our offer. This acquisition is a major stepping stone in this process.”
Rob Champion, of Fisher German, added: “It is very pleasing to have concluded the sale of buildings on Lawford Heath Industrial Estate to Rex Brown and, in turn, to have safeguarded DK Group’s ongoing need for space in Rugby. Freehold industrial and warehousing assets of this nature have been few and far between in the marketplace in recent times and therefore we experienced good levels of interest from owner occupiers, investors and property companies. Rex Brown is an exciting and innovative e-commerce business which recognises the logistical and financial benefits of being located in the Midlands and their decision to locate here is a boost to the local economy.”