LONDON 11 May 2020 – CBRE Global Investors has exchanged contracts with Beeswift Ltd to occupy 120,000 sq ft of logistics space at Hub 120, Birmingham. Beeswift has signed a new 16-year lease.
The modern distribution facility located at junction 6 of the M6 has been selected as Beeswift’s new corporate headquarters and national distribution centre as part of their ongoing expansion plans.
Beeswift is a manufacturer and wholesaler of Personal Protective Clothing and Equipment encompassing a wide range of safety products, high-quality workwear and Medical products to all sectors of Industry, government, commercial and institutional sectors as well as working very closely with the NHS and local authorities as a designated key supplier during the current coronavirus crisis.
Rob Trevor, Senior Director, UK Industrial & Logistics, CBRE Global Investors commented: “We are delighted to welcome Beeswift as a new customer to our European logistics portfolio. We have worked very hard on a collaboration with the team at Beeswift over the last nine months to design an extension of the existing building custom built to suit their operational requirements. This project includes extended first floor offices, laboratory space, mezzanines, sprinklers, racking and Wellness facilities. Beeswift are operating as a key supply chain to the NHS and this will allow them to expand and increase capacity at this time of national need.”
Les Giles, C.E.O, Beeswift Ltd explained: “Having successfully moved our Dutch company into 40,000 sq ft of modern distribution facility a week before lockdown in February, we are now totally focused on this seven month project to re locate Beeswift to its new corporate HQ and distribution centre. This is part of a jigsaw that is falling into place as the company supported heavily by its shareholders expands and develops into key strategic markets and regions. Rob and his team have been integral to the mutual trust and respect which has characterised these negotiations and led us to this exciting conclusion.”
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About CBRE Global Investors
CBRE Global Investors is a global real assets investment management firm with $112.9 billion in assets under management* as of December 31, 2019. The firm sponsors investment programs across the risk/return spectrum for investors worldwide.
CBRE Global Investors is an independently operated affiliate of CBRE Group, Inc. (NYSE:CBRE). It harnesses the research, investment sourcing and other resources of the world’s largest commercial real estate services and investment firm (based on 2019 revenue) for the benefit of its investors. CBRE Group, Inc. has more than 100,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 530 offices (excluding affiliates) worldwide. For more information about CBRE Global Investors, please visit www.cbreglobalinvestors.com
*Assets under management (AUM) refers to the fair market value of real assets-related investments with respect to which CBRE Global Investors provides, on a global basis, oversight, investment management services and other advice and which generally consist of investments in real assets; equity in funds and joint ventures; securities portfolios; operating companies and real asset-related loans. This AUM is intended principally to reflect the extent of CBRE Global Investors’ presence in the global real asset market, and its calculation of AUM may differ from the calculations of other asset managers.