Yorkshire law firm Gordons advises Iceland on 100th The Food Warehouse store acquisition
Wednesday 7th August 2019
Yorkshire law firm Gordons has advised major British retailer Iceland Foods on the 100th store acquisition of its rapidly expanding store format, The Food Warehouse.
Gordons’ commercial property team including Joanne Fearnley, Jennifer Herdman and Sarah Ratcliffe has handled all store acquisitions for Iceland in England and Wales since 2017. Iceland has been a client of the firm for more than five years.
Sarah Ratcliffe recently dealt with the milestone 100th Food Warehouse store for Iceland, a 10,000 sq ft high-quality retail warehouse store located at Blackpool Retail Park in Blackpool, Lancashire. During 2018, Iceland opened a total of 45 new stores, including 31 under its Food Warehouse format.
Launched in 2014 and targeted at car borne shoppers, as well as those in the hospitality and catering sectors, The Food Warehouse offers customers a wide range of frozen, chilled, fresh and branded grocery products as well as case saver and pallet line deals from convenient and accessible out of town trading locations.
Commenting on the relationship with Gordons, Iceland property and acquisitions director, Simon Anderson, said: “We continue to be very impressed by the way Gordons consistently deliver for us. Their team understand our requirements and they share our sense of urgency in getting things done. They are an important part of The Food Warehouse’s continued success.”
Sarah Ratcliffe added: “It is hugely rewarding to support Iceland in The Food Warehouse’s continued expansion. They are a fast-growing retailer maximising opportunities in the current market thanks to an fantastic store format, a clear growth strategy and smart property acquisitions.”