FHP Property Consultants have announced the completion of a sale and leaseback on behalf of clients Antone Displays Limited at 167 Scudamore Road with the purchaser, a private investor, advised by CPP.
Antone, a leading manufacturer of high quality bespoke and multiple retail displays saw an opportunity to restructure the business by agreeing a sale of their existing premises on Scudamore Road with a lease back in place for a number of years to continue business as usual. The business has been operating from Leicester since the 1970 and has an established client base UK wide.
Chris Proctor of FHP Property Consultants commented on the deal:
“Antone Displays offered a good quality regional covenant employing over 80 staff across two sites in Leicester on competitive lease terms in a strong logistical and industrial location ideal for investors. The business has a further unit on the estate that is equally available for a sale and leaseback and I would be happy to discuss with investors this further opportunity.”
Stuart Waite of CPP who acted on behalf of the purchaser commented:
“This asset fits nicely into my clients existing portfolio and we are delighted to get this deal over the line in what is still a very competitive market for small industrial investment stock. Antone Displays were impeccable throughout the sales process and my client looks forward to developing a strong Landlord and Tenant relationship with them over the coming years”