Gordons advises B&M on new distribution centre
Wednesday 11th December 2024
Gordons has advised longstanding client B&M on the ten-year lease of a new state-of-the-art 674,265 sq ft distribution centre in Ellesmere Port, Cheshire.
The letting is one of the largest logistics deals in the UK this year and the facility is set to commence operation in 2025.
Called Link 674, the new distribution centre will operate as an import centre for B&M and support the discount retailer’s ambitious future UK expansion plans, which include increasing its store count to at least 1,200 locations. In the past six months alone, B&M has opened 30 new UK stores.
A team led by commercial property partner, Joanne Fearnley, advised B&M on the lease negotiations. B&M has been a client of Gordons for in excess of 20 years and, during that time, the firm has also advised on more than 600 store acquisitions.
Joanne commented: “We are very pleased to have played our part in securing the deal by advising on the complex lease negotiations and look forward to seeing Link 674 become operational for our client next year. We have a longstanding trusted relationship with B&M.”
The ten-year lease agreement is with real estate investor Cain International. Firethorn Trust will manage the site on behalf of Cain International.
B8 Real Estate, CBRE and Moriarty & Co. acted for Cain and Firethorn Trust, with Simmons & Simmons providing legal advice. In addition to Gordons, B&M was represented by Savills.
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