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SMITHS NEWS TAKES FLIGHT AT ELMDON

Stoford acted as development manager for pension giant Standard Life Investments in creating a 60,000 sq ft flagship unit in Solihull for leading magazine and newspaper distributor Smiths News.

The purpose built warehouse will service 2,000 retailers across Birmingham, Coventry and Redditch and distribute around 2.2million newspaper and 1.1million magazines a week.

Smiths News closed down its depots in Coventry, Birmingham and Redditch to move into the bespoke unit on the Elmdon Trading Estate in Bickenhill Lane and consolidate its operations in the Midlands.

It is anticipated that the move will form a major part of the company’s cost-saving target of £10million over the next two years.

Stoford agreed a 15-year lease with Smiths News who were advised by Savills.

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