Onward Holdings Ltd, a leading supplier of warehousing in the north of England, is looking for additional units to purchase, or potentially buy land, as part of investment plans aimed at delivering much-needed locations for companies to set up logistics operations in the Yorkshire area.
The Featherstone-based business, which offers a range of warehousing from 126,000sqft to tiny self-storage units, is looking to expand its portfolio of prime warehousing sites to meet demand as the improving economy is providing impetus for companies to invest in their supply chain facilities.
Yorkshire is seen as a key location for many businesses seeking to move or expand its supply chain in the north of England, but a shortage of suitable industrial space is hindering the logistics property market in one of the UK’s most important economic regions.
This significant knock-on effect of the UK’s economic recovery is a result of increasing demand from third party logistics providers and the continuing expansion plans of e-retailers seeking additional capacity for their customer fulfilment centres. These factors have led to a sharp fall in available sites.
Family-run Onward Holdings specialises in operating highly-competitively priced industrial warehousing in the north of England. Its sites include Castleford, Doncaster, Ackworth, Scunthorpe and Featherstone.
The forward-thinking company is confident that investing in new industrial units and or building land for warehousing will pay dividends as almost all the current sites on its books have been fully leased or units are under discussion with interested parties.
Onward Holdings’ success has already prompted it to relocate the company’s head office to a much larger custom designed facility at Onward Park, on the Green Lane Industrial estate in Featherstone, as part of the ongoing expansion strategy.
Sales director Neil Storey, a third generation family member of the business, said: “The upturn in business confidence is very encouraging for Yorkshire but demand for warehousing is outstripping supply at the moment. We are looking to purchase units or building land that would be ideal for a variety of distribution solutions.
“With the help of a recovering economy, investing in land for new facilities will help us provide excellent business opportunities for those involved in warehousing, distribution, retailing and light manufacturing.”
West Yorkshire-based Onward Holdings specialises in operating highly competitively priced industrial warehousing and retail parks.