RED is delighted to have advised Roper Rhodes on the acquisition of their new 235,000 sq ft warehouse facility in Avonmouth.
Roper Rhodes, one of the UK’s leading suppliers of bathroom furniture and products is headquartered in Bath with its main warehouse facility in Portbury. RED helped the company to acquire their Portbury property in 2015. The growth that the business has seen in the last 10 years has meant that they have outgrown the warehouse and a new solution was required.
RED was asked by Roper Rhodes to investigate the potential options against the considerations of geography, capacity and cost. There were limited options of the size of warehouse needed in the area where Roper Rhodes could ensure that they retained their valued and skilled employees. Matrix 235 was identified as the most suitable option, a brand new development by Equation Properties.
“This property is an excellent fit for Roper Rhodes. The capacity of the warehouse will allow the business to fulfil their growth projections for the next 10 years whilst also giving them the space needed for their impressive showroom and client centre. We were delighted that 10 years on from their last move, RED were the business that Roper Rhodes again turned to, for help in such an important decision for the business.” – Patrick Neville, Managing Director RED
“Roper Rhodes have partnered with Patrick Neville at RED on a number of property projects over the past decade. Patrick’s excellent local knowledge, combined with his experience of facilitating complex transactions, have proven to be invaluable. Thanks for your help and support Patrick.” – William Steele, COO Roper Rhodes
Thanks also to Paul Hobbs of Avison Young who represented the landlord and to Kai Desai of TLT Solicitors.