Tag Archives: demand

News

Top rate for warehouse as strong demand continues

One of the best rates ever for industrial warehousing in Leamington Spa has been achieved by commercial property specialists Bromwich Hardy. 

Unit 11 T1300 at Tachbrook Park has been let on a 10-year lease to Naturally Baby Ltd. The 2,033 square foot unit is one of 15 that make up T1300, with each boasting an EPC Rating A, a 1.72 kWp photovoltaic system and a 7kW electric vehicle charging point. 

Bromwich Hardy graduate surveyor Sam Cooper, who completed the lease deal, said: “The £13 per square foot achieved on this site is thought to be a new record rent for industrial warehousing in Leamington. 

“This is the last of three units I have let for this landlord over the past six months and it shows that demand is still very high for top-quality and well-located properties. 

“Well-equipped units with great sustainability credentials are scarce in the area and demand is outstripping supply.” 

Sam, who won the Rising Star trophy at the Midland Property Awards, added: “The T1300 development has proved very popular and is now fully occupied. The wider Tachbrook Park site is home to some very big names, including JLR, and there has been no shortage of interest in this prestigious development.” 

Bromwich Hardy is one of the country’s largest independent commercial property agencies, regularly featuring in independent lists of the most active firms in the industry.  

For more information about Bromwich Hardy visit www.bromwichhardy.com
For more information about T1300 visit www.t1300.co.uk/

Business News, News

Westcon-Comstor reports FY22 financial results

Revenue up 11.8% to US$2 890.4 million following demand for all technologies in the Westcon International portfolio

LONDON, UK – 24th May 2022 – Westcon-Comstor (Westcon International) reported its FY22 earnings results earlier today. Total net revenue was up by 11.8% to US$ $2.89 Billion driven by strong demand and market share in its cybersecurity portfolio, networking and hybrid infrastructure offers and its remote access and cloud collaboration solutions which were deployed in new flexible working environments.

EBITDA profit increased by 52% to US$68.1 million (FY21: US$44.8 million) with gross margins averaging 11% globally. Westcon International’s gross profit increased by 9.6% to US$319.0 million (FY21: US$291.0 million) supported by strong results in both Europe and Asia-Pacific.

“Two years ago, our company demonstrated strong resilience in the face of the pandemic and the FY22 results we announced today illustrate our ability to not just sustain strong momentum but to go beyond and adapt and win in a rapidly changing market”, commented David Grant, CEO of Westcon-Comstor.

“Our focus on portfolio expansion with software and subscription-based solutions has helped us to not only record double-digit, organic revenue growth– despite material product supply constraints– but to drive unprecedented EBITDA improvement as well. It’s a true testament to the hard work of our teams across all operations, who have performed exceptionally well this last year.”

Westcon-Comstor announced that demand for its solutions continued to climb, coupled with supply constraints and chip shortages, its backlog of orders increased over 300% (from US$261 million for FY21 to US$824 million for FY22.)

“Multi-year investments we’ve made in business automation and digital tools are paying dividends as well. Our focus on Solutions Lifecycle Management and building Flexible payment solutions helped us to ensure that over 50% of our gross revenue in FY22 was recurring; we see that percentage growing as we go into FY23”, added David Grant.