Fast fashion giant seeks UK warehouses

REPORTS ABOUND that Chinese fast fashion behemoth Shein is looking for a number of warehouses to support its growth in the UK ahead of its much anticipated £50 billion listing on the London Stock Exchange.

By Liza Helps Property Editor Logistics Matters

WAREHOUSES IN the Midlands Golden Triangle are purported to be on the shortlist ranging in sizes between 300,000 – 400,000 ft2 with viewings across locations including Derby, Daventry, Coventry and Castle Donington.

Unnamed sources have stated the ecommerce giant is looking for properties that are already fitted out to handle ecommerce operations rather than build-to-suit options.

At present Super Smart Service, currently handles its UK orders. It should be noted that Super Smart has recently acquired properties in Fradley Park and Stone in Staffordshire of 354,000 ft2 and 345,000 ft2 respectively.

It has been reported that Savills and JLL are advising Shein. A Shein spokesperson said: “To support the growth of the business, Shein is actively exploring warehousing locations worldwide. However, Shein has no immediate plans to acquire warehouse space in the UK.”

Shein is owned by US-born Chinese entrepreneur Chris Xu, who set up the company in Nanjing in 2008. Last year Shein bought UK fashion company Missguided.