Healthcare firm Pam buys in Aintree
The company has scooped up the 30,000 sq ft Fortune House and a wider development site on Sefton Business Park for £3m, doubling warehouse capacity for its specialist retail arm.
The single-storey property was built in 1989 as a call centre for Vernon’s Pools and covers an area of around two acres. However, preventative healthcare firm Pam Group has purchased the entire site on Deltic Way in Aintree, which spans 3.3 acres and includes an area earmarked by the previous owner for seven smaller units covering a further 18,700 sq ft.
The unnamed private investor had already submitted plans for this project to Sefton Council, but Pam intends to progress the project to create space for a specialist clinical laboratory, according to its chief executive.
Fortune House itself spans 30,750 sq ft. It will serve as the main storage and distribution centre for Pam Health, which sells exercise, fitness, sports, ergonomic, physiotherapy and rehabilitation equipment. The company, which is targeting £5m of revenues this year, supplies consumers and professionals such as physiotherapists and healthcare providers.
It plans to fit-out the warehouse including installing video recording and photographic studios there as well as a technical support unit, led by Warrington-based contractor Distinct Developments.
James Murphy, founder and chief executive of Pam Group, said: “The purchase of this site doubles our existing warehouse capacity in the country and will enable us to support the expansion of Pam Health.
“There is a huge increase in demand for [our] vast range of products, particularly as people work more from home and have more neurodiversity needs. Our new warehouse means we will be able to hold more stock and ensure continuity of supply for our growing customer base.
“The site is ideally located, being near to the motorway network and a large population from which to recruit talented staff as we bring employment opportunities to the area.”
The investment marks “the latest exciting chapter in Pam’s growth”, Murphy added, “and we look forward to progressing plans for the seven smaller units at the site, which will be used for further Pam Health operations including a specialist clinical laboratory, creating more jobs in the area.”
Pam was advised on the site purchase by Warrington-based FDR Law and the investment agent was Mason Owen & Partners.