Worcester-based flooring manufacturer Victoria PLC has agreed a €34.4 million sale and leaseback deal for its Belgian distribution centre, reinforcing its financial flexibility while retaining operational control of a key logistics asset. The transaction was completed with Avantage Property Holding BV, a fund managed by Belgian real estate investor Alirec.
© Victoria PLC
Despite the sale, the site will continue to function as a central European distribution hub for Balta Rugs, particularly following the relocation of most of its manufacturing operations to Turkey. This ensures continuity in the group's supply chain while unlocking capital tied up in the property.
The asset had a net book value of €5.6 million as of January 31, highlighting a significant uplift in value achieved through the transaction. Sale and leaseback agreements such as this are increasingly used by manufacturers to strengthen balance sheets, improve liquidity and support strategic investments without disrupting core operations.
The move reflects Victoria's ongoing efforts to optimise its asset base and adapt to shifting manufacturing and distribution dynamics across Europe, particularly as production footprints evolve and logistics networks become more centralised.
Source: www.thebusinessdesk.com
