Latest property news from BNP Paribas Real Estate UK, the leading property adviser
06 September 2012
BNPPRE secures 50,000 sq ft industrial unit for Paragon Sleeves & Cartons
BNP Paribas Real Estate has secured a 50,000 sq ft warehousing facility for Paragon Sleeves & Cartons, the UK’s leading manufacturer of responsible packaging for the retail food industry. The company has signed a 10 year lease, with all inclusive rent, on the unit located in Guyhirn, Peterborough.
Paragon Sleeves & Cartons is the packaging group’s dedicated board division, providing award-winning quality from one of the UK’s only dual-process print facilities. Delivering an industry leading model of excellence service, the new stock and storage investment will extend this offering through additional warehousing capacity.
Jonjo Lyles, associate director at BNP Paribas Real Estate’s industrial agency, comments: “As the UK’s tough economic conditions continue to impact many businesses, Paragon Sleeves & Cartons has been fortunate enough to be able to expand its UK operations. Securing this new warehousing unit, located in an easily accessible location, will enable the company to continue to provide high quality products and services to its rapidly expanding customer base.”