£4.95m Shropshire warehouse for sale as Fruit of the Loom moves abroad
The Shropshire base of clothing manufacturer Fruit of the Loom is being sold for £4.95 million.
The huge warehouse with offices on the Halesfield Industrial Estate in Telford has gone on the market after the American firm revealed it was relocating its operations abroad, resulting in the loss of about 70 jobs.
Fruit of the Loom is closing its UK office and distribution centre in Halesfield, with bosses saying they plan to move facilities to Europe and Africa.
The company said the decision to shut in no way reflected the "dedication and hard work" of its employees, who will be supported with outplacement services.
Jon Griffiths, chief financial officer for Fruit of the Loom Europe, said: “Halesfield 10G has served our company very well for our warehousing and administration needs for nearly 30 years. We expect the building to be a very popular acquisition for a company needing much-sought after space in this area.”
Commercial property consultants Bulleys Bradbury is marketing the 94,000 sq ft property in Telford.
Richard Bradbury, director of Telford-based Bulleys Bradbury, said: “This property was only built in around 1990 and is in a superb location that will provide much-needed warehouse space in the Midlands.
“It’s going to be of interest to owner occupiers and investors alike due to the current lack of buildings available, both freehold and leasehold.
“This scarcity factor, plus the fact that the building is in excellent condition and comes with well-fitted offices, means we are already receiving approaches from potential buyers.”
The property comes with a large parking area and separate delivery yard on a 3.85-acre site.
The warehouse bays are accessed from the enclosed yard by roller shutter doors and dock levellers and goods out is via two dock levellers to the front.
