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Vulcan Two Group PLC ( (GB:VUL) ) has shared an update.
Vulcan Two Group plc has signed a long-term lease for a new 22,000 sq ft distribution centre in Leeds, following its recent £40 million fundraise to acquire three ePharmacy businesses. The facility, strategically located near the M62 and M1, is intended to centralise warehousing, cut logistics costs and improve delivery performance.
The lease runs for ten years with a rent review and a five-year break option, starting at around £68,000 for the first eight months and rising to about £200,000 per year thereafter. Management views the new warehouse as a key pillar in building a scalable platform that can support the Group’s growth ambitions and help establish a market-leading ePharmacy service for patients in the UK.
More about Vulcan Two Group PLC
Vulcan Two Group plc is a buy-and-build company focused on creating the UK’s leading regulated ePharmacy. It operates in the online pharmacy and medication distribution sector, targeting nationwide delivery of prescriptions and related healthcare products to patients across the country.
Average Trading Volume: 8,741
Technical Sentiment Signal: Strong Sell
For an in-depth examination of VUL stock, go to TipRanks’ Overview page.