Acting on behalf of long-established Nottingham-based business, Pedigree Wholesale, FHP has completed two important transactions for the expansion of the firm.
Pedigree Wholesale was first established as a family run business in 1972 and is now one of the UK’s leading suppliers of food and products to the pet industry.
FHP has advised on the off-market sale of Harrisons Mill in Radcliffe on Trent.
This mill property dating back to the early 1900s had been producing bird foods and products for the business but was outdated and inefficient. Production was outsourced to a respected family run supplier and the majority of production staff continued employment within the group.
The property has been sold to Synergy Healthcare for demolition and construction of a modern care home facility.
Phil Daniels of FHP said: “This site of just over 1 acre on the edge of the affluent village of Radcliffe on Trent was ideal for the construction of a care home.
“We directly approached, off market, developers and operators in this sector and attracted very significant interest. Following a competitive best bid process, we were able to secure a sale on an unconditional basis at in excess of the guide price.”
In preparation for the sale FHP also advised Pedigree Wholesale on the relocation of the pet food and product retail outlet that also operated from Harrisons Mill.
Given the very limited availability of retail shops in Radcliffe on Trent, FHP canvassed and identified an off-market opportunity. Liaising directly with the owners of a vacant premises on Bingham Road on the edge of the village centre, FHP were able to secure the purchase of the freehold on favourable terms.
The site is now open and trading under Pedigree Wholesale’s retail brand ‘Just for Pets’.
Jack Shakespeare of FHP said: “It was a pleasure to represent Pedigree Wholesale in this important relocation. Our expertise and tenacity allowed us to relocate the former store in a timely manner which was integral to the sale of Harrisons Mill.”
Steve Brown, Chief Executive Officer of Pedigree Wholesale, said: “It has been a pleasure to work with FHP on these important transactions which will be integral to the future expansion of our business.”
