YPO acquires property to expand education offering
YPO, one of the UK’s largest public sector buying organisations, has acquired a three-year lease of a 67,000 sq ft distribution centre in Wakefield. The addition to YPO’s property portfolio is intended to support the growth of its educational offering, in line with a larger logistics expansion plan.
The acquired property is based in a prime distribution location at the Junction 41 Industrial Park in Wakefield, sitting opposite YPO’s head office and main distribution centre. The site consists of a detached single storey steel portal frame warehouse, as well as an additional 7,000 sq ft, two storey, interconnecting office extension.
The addition to YPO’s property portfolio enhances the logistics footprint of the organisation by 30% to a total of 260,000 sq ft, greatly improving stock and range capabilities in addition to efficiency gains. The property acquisition gives a further 7,000 pallet storage locations and greater inbound capacity.
Simon Hill, Managing Director at YPO, yesterday said:
“This addition to our portfolio is extremely exciting and marks a huge step in our wider logistics expansion plans. The extra space allows us to increase our stock, and will help us to manage distribution efficiencies, particularly in our educational arm, so that we can continue to deliver and improve our offering to schools across the UK.”
Education is part of YPO’s heritage, with the organisation having provided compliant resources and supplies to schools since 1974. Currently, the organisation caters for Early Years, Primary Schools and Secondary Schools, and the latest acquisition will support it in further developing its educational offering.
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