Xpediator adds 200,000 sq ft to capacity at Port of Southampton

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Xpediator adds 200,000 sq ft to capacity at Port of Southampton

Xpediator PLC (LON:XPD) has taken out a 20-year lease on a new 200,000 sq ft distribution centre at Southampton’s container port.

The opening of this new facility will take the freight company’s UK warehousing capability to approximately 700,000 sq ft with the new distribution centre scheduled to be built in 2021.

The new warehouse site is designed to connect with subsidiary Import Services’ existing quayside distribution centre and will enable it to hold stock under bond for order processing and distribution both in the UK and globally. 

Stephen Blyth, chief executive, said:  “Import Services’ new distribution centre will be just 100 meters away from where the deep-sea container ships dock and with this new facility, our teams will be able to discharge containers efficiently, process orders and deliver straight to the point of demand. 

“Historically, Import Services has not always had the capacity to meet demand, this new facility will not only enable us to meet demand but also capture additional market share by being able to offer superior services.

“The timing of this expansion could also work favourably with the UK’s move outside of the European Union.”

Proactiveinvestors.co.uk

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