130,000 sq ft acquisition secured by Eddisons

130,000 sq ft acquisition secured by Eddisons

Peterborough based AK Retail Holdings Limited has extended its operations in Peterborough this month with the purchase of Orton 130 in Bakewell Road Orton Southgate.

AK Retail Holdings, owners of specialised retailers Yours Clothing, BadRhino, Long Tall Sally and PixieGirl have purchased their second distribution centre after initially leasing the facility. AK Retail Holdings Owner and Chief Executive Andrew Killingsworth commented:

“This latest purchase represents significant investment in the city, allowing for further expansion to meet the growing needs of the business. We now have a combined footprint of over 250,000 square feet in Peterborough and warehouse distribution alone now employs over 350 people. The group is proud to call Peterborough its home and we look forward to developing further within the city”

Eddisons acted for the group in acquiring the new facility. Partner Steve Hawkins commented:

“We are pleased to have advised our clients in this latest property deal which is great news for Peterborough. Our client’s intention is now to expand the facility further and we will be in discussion with Peterborough City Council shortly”

For further information on commercial property acquisitions, click here.