Sheffield-based distributor Pricecheck has renewed the lease for its headquarters for the next five years.
Serving as distribution centre and head office, the 113,839 sq ft site is located in Beighton, near Sheffield.
The company sought help from retail specialist law firm Gordons to secure the deal, which required negotiations among three parties.
The renewal is part of the company’s “significant ambitions” to increase turnover to £200m.
Last year, the family-owned distributor reported a turnover of £151m, increasing 16% from the previous financial year.
“This lease renewal was far from straightforward with three parties involved, including a previous tenant from whom we were subletting the premises”, said Pricecheck MD Mark Lythe.
“The team at Gordons helped us to navigate various issues and bring the matter to a successful conclusion within the required timeframe.”
Gordons commercial property partner Sarah Ratcliffe added: “Pricecheck is a fast-growing business with significant ambitions, so it was essential for us to secure a new lease on the facilities to enable the company to further deliver its strategic growth plans.
“We had to work at pace within short timeframes to conclude the negotiations with the landlord. We are very pleased with the positive outcome and look forward to seeing Pricecheck continue to expand nationally and internationally.”
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