Lumber Depot Limited, chaired by Jeffrey Hall, announced that it has entered into an agreement to purchase property located at 17 Gordon Town Road, Papine. The property is adjacent to the current hardware store owned by Lumber Depot Limited (17c Gordon Town Road, Papine).
Noel Dawes, Managing Director noted that the acquisition includes land and buildings suitable for commercial use and its location is strategic to Lumber Depot as it presents expansion and diversification opportunities for the hardware business. Lumber Depot operates a full-service hardware store in Papine that serves the needs of large and smallscale building contractors, as well as homeowners doing construction projects, renovations and repairs.
The Lumber Depot business has been in operation for over 20 years and during this time has established a market leading position in the communities it directly serves and a strong reputation for excellent service and good value across the entire corporate area. Lumber Depot Lumber Depot considers its location in Papine to be an important part of its long-term success. Papine is a vibrant and fast-growing university community that also serves as a main access point to the St. Andrew hills. The Lumber Depot facility is within the most trafficked part of the community, is purpose built and well established.
The property acquisition is expected to be completed by the end of October 2025 and will be financed with a combination of internal resources and bank loans. The completion of the acquisition and subsequent development of the site will be subject to board and regulatory approval.
