Poundland secures SE warehouse

Property adviser BNP Paribas Real Estate secured a 218,000 sq ft warehousing facility for discount retailer Poundland. The site will be used to service all its stores located within the South East.

The retailer, which currently has 400 outlets across the UK, is set to occupy its new facility at RD Park Hoddesdon, located in Hertfordshire, for three years, after signing a sub-lease on the SWIP owned site, which is currently let to Wincanton.

Ben Wall, national portfolio manager at Poundland, said: "Poundland has a rapid store expansion strategy. This new warehouse facility will enable us to facilitate our planned growth of 70 stores this year. As we continue to increase our store portfolio we will look to further expand our warehousing space in the future." RD Park Hoddesdon is a high specification industrial/warehouse, providing easy access to the A1170/A10 leading to Junction 25 of the M25.