Updated: B&M confirms Northwest mega shed deal

By Liza Helps Property Editor Logistics Matters

THE NEWS confirms a report published in Logistics Matters at the end of October which stated that the retailer was taking the 674,000 ft2  building. 

In its latest interim results which saw a total sales growth of 3.7% in the first six months of the year and an ongoing programme of store openings B&M chief executive Alex Russo said: “To futureproof this volume growth, I am pleased to announce that next year we will open a new imports centre in Ellesmere Port. This facility will manage inbound container flow and optimise the capacity of our five existing B&M UK distribution centres which are handling ever-growing volumes. This is the right productivity step to support both our short and long-term growth plans, including our target of not less than 1,200 B&M UK stores.”

The company is also extending its French distribution centre demonstrating the growth plans in place for France.

The retailer also reported that during 2024 physical container volumes are up 40% compared to 2019, reflecting the step change in market share achieved.

B8 Real Estate, CBRE and Moriarty & Co. acted for Cain and Firethorn Trust, with Simmons & Simmons providing legal advice. B&M were represented by Savills and advised by Gordons LLP.