UK flooring distributor Likewise Group has purchased a new distribution centre on Howley Park Industrial Estate in Morley, West Yorkshire, for £3m.
The building provides more than 21,000 sq ft of warehouse and office space, has a secure yard and parking, and is located a mile from the M62.
Tony Brewer, chief executive of Likewise, said: “The acquisition of the freehold of a second distribution hub in Leeds will allow the planning of incoming containers to be far more efficient and also release capacity at our other centres. I can also confirm that the extension to our distribution hub in Newport, Wales, is on schedule to be operational as planned in July 2026. The additional storage and cutting at Newport will provide extra capacity and, with the new investment in Leeds, will support the group’s strategy of growing sales revenue towards £250m.”
Jonathan Jacob, associate director at GV&Co, added: “We’re pleased to have secured this sale ahead of the guide price following a concise marketing period, particularly against a backdrop of continued economic uncertainty. Modern freehold buildings with strong underlying credentials such as this remain in short supply and we expect to see continued resilience in this area of the market going forward.”
JMW Solicitors provided legal advice to the vendor and Deloitte advised Likewise.
