3PL Torque secures Wakefield warehouse
3PL Torque Retail Services, has agreed a deal on its largest warehouse to date, at Wakefield Europort in West Yorkshire, to support continued growth and new client wins.
By Liza Helps, Property Editor, Logistics Matters
THE COMPANY has taken Copley Point’s California 400 building – its second logistics facility at Wakefield Europort on a 15 year lease at a rent thought to be close to the quoting rent of £6.75 per ft2.
The 398,186ft2 second hand fully fitted warehouse has 25 dock and 11 level access doors as well as 106 hgv spaces on a 20.5 acre site close to Junction 31 M62 motorway.
The deal was delivered within three weeks e head of opertions Stewart Firth, said: “This was the quickest and largest lease we have ever done.”
The expansion allows the company to further strengthen its infrastructure, increasing capacity and flexibility to meet growing demand. Torque started from modest beginnings in Bramley, West Yorkshire in 1991 and now operates in seven locations with nine warehouses and more than 1,600 employees.
CBRE Executive Director, Industrial & Logistics Mike Baugh, said: “Delivering this outcome within the agreed three-week timeline is a credit to both parties and reflects their execution speed and efficiency.”
The new site is located close to Torque’s other Castleford facility, which opened in 2019.
Carter Towler and CBRE advised.
