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7 October 2024 |
Lords Group Trading plc
('Lords', the 'Company' or the 'Group')
Property Transaction
Lords, a leading distributor of building materials in the
The Property, which covers an area of 1.52 acres including 5,570 square feet of covered storage, is being sold to Outback
The net proceeds of the sale of
Commenting on the transaction, Shanker Patel, Chief Executive Officer of Lords, said: "We are pleased to agree this transaction to support future trading from the highly sought-after
- Ends -
FOR FURTHER ENQUIRIES:
Lords Group Trading plc |
Via Burson Buchanan |
Shanker Patel, Chief Executive Officer |
Tel: +44 (0) 20 7466 5000 |
Stuart Kilpatrick, Chief Financial Officer |
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Cavendish Capital Markets Limited (Nominated Adviser and Joint Broker) |
Tel: +44 (0)20 7220 0500 |
Ben Jeynes / Dan Hodkinson (Corporate Finance) |
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Julian Morse / Henry Nicol / Charlie Combe (Sales and ECM) |
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Berenberg (Joint Broker) Matthew Armitt / Richard Bootle / Detlir Elezi
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Tel: +44 (0)20 3207 7800 |
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Burson Buchanan |
Tel: +44 (0) 20 7466 5000 |
Henry Harrison-Topham / Stephanie Whitmore / Abby Gilchrist |
Notes to editors:
Lords is a specialist distributor of building, plumbing, heating and DIY goods. The Group principally sells to local tradesmen, small to medium sized plumbing and heating merchants, construction companies and retails directly to the general public.
The Group operates through the following two divisions:
Merchanting: supplies building materials and DIY goods through its network of merchant businesses and online platform capabilities. It operates both in the 'light side' (building materials and timber) and 'heavy side' (civils and landscaping), through 31 locations in the
Plumbing and Heating: a specialist distributor in the
Lords was established over 35 years ago as a family business with its first retail unit in Gerrards Cross,
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