Posted 12 August, 2013 OBI NEWS
Fast-growing white goods retailer DRL has announced a deal to nearly double the size of its headquarters to cater for its expansion drive.
The firm, founded by chief executive John Roberts, has seen its sales rocket from £50m to £275m over the past four years, while staff numbers have climbed to 800. DRL have signed for 50,000 sq ft at Building 5a, The Parklands, Middlebrook.
The letting, secured by consultant OBI Property, is understood to be the region’s biggest outside Manchester city centre this year.
DRL has made the move to accommodate its growth, as it eyes revenues of £1bn a year. Mr Roberts said: “The move to new premises is to accommodate the growth that the company is experiencing, as well as to bring our head office up-to-date. “We’re going to make it really cool and to accommodate that we need a much bigger building.”
DRL sells appliances like fridges, freezers, washing machines and dishwashers via the website and operates white label services for high street chains, including Tesco, Argos, B&Q, Next, Debenhams and House of Fraser.
Revenues for the year to March 31 were £275.4m, up from £205m.
Will Lewis, director of OBI Property, said: “We have been working with DRL on its property needs for the past twelve months and having outgrown their space quickly in Middlebrook, we worked with them and Orbit Developments to find one building to accommodate the growing team. “OBI is also handling the project management of the fit out and interior design of the new headquarters.”
DRL has taken a 15 year lease on the property, which is owned by Orbit Developments.
Orbit managing director Tony Jones said: ”Orbit’s Middlebrook development has been DRL’s home for many years and their unique retail strategies have seen them go from strength to strength. “We are pleased to be able sustain our strong relationship with DRL and their expansion within Middlebrook is a testament to the increasing demand for office space in this part of Bolton. We look forward to working alongside them again in the future.”