Xpediator plc (LON:XPD), a leading provider of freight management services across the UK and Central and Eastern Europe, has announced its subsidiary, Delamode International Logistics Limited, has signed a 10 year lease for a new, purpose built 180,000 sqft (35,000 pallet spaces) storage, fulfilment and distribution warehouse in Roosendaal, Netherlands. Occupation of the site will commence from March 2023, once construction which will include a significant solar element, has been completed.
Xpediator has also agreed to take 6,500 pallet spaces in a partner warehouse for 12 months also in Roosendaal, from March 2022 to meet existing Delamode International Logistics customer demand, with the option to increase to 15,000 pallet spaces. Several of their customers have now concluded in a post Brexit market, that splitting their stock between the UK and mainland Europe is the best course of action to maintain the shortest possible time to bring products to market.
Roosendaal is well located for the onward transport to the rest of continental Europe by road and also conveniently located for the import of product via the two major container ports of Rotterdam and Antwerp. The lease will bring much needed space to meet customer demand.
The Company will provide a trading update for the 12 months to 31 December 2021 at the end of this month.
Wim Pauwels, CEO of Xpediator, said: “The decision to take a long lease on this warehouse reflects demand and the post Brexit strategies of our clients to hold stock in both the UK and mainland Europe and follows on from the recent opening of our new 200,000 sqft warehouse extension in Southampton. We are a growing business, so this extension together with investments we are making across the business is all part of maximising our organic growth potential. We look forward to updating our shareholders on our overall 2021 performance later this month.”