commercial property lambert smith hampton

News - 30/06/2015

Lambert Smith Hampton helps Budget Greeting Cards expand

Lambert Smith Hampton has acquired in an off market transaction a 82,000 sq ft warehouse on Woodside Park in Dunstable on behalf of Budget Greeting Cards.

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Budget Greeting Cards, whose headquarters are in Manchester, is the leading UK wholesaler of greeting cards with seven trade cash and carry outlets in the UK and Ireland. The company had been searching for some time to expand their operation in order to service north London but were struggling to find suitable premises.

Lloyd Spencer, Head of Office – Luton & Milton Keynes, commented: “I am delighted to have been able to help Budget Greeting Cards expand their operation in the south. With our unequalled market intelligence and intimate knowledge of the local market, we were able to identify premises off market which offer Budget Greeting Cards a competitive rent and the flexibility of a break clause in 2019. The whole process took a little over two months from start to finish.”

The modern warehouse unit, assigned by A T Shop Limited, advised by Hartnell Taylor Cook LLP, is located within the established Woodside employment area, Dunstable, minutes from junction 11 of the M1 motorway.