B&M signs ten-year lease at Onyx350
B&M Retail has signed a 10-year lease for a 350,000 sq ft warehouse in Cheshire.
The lease was signed with site-owner Logicor for the warehouse at the Onyx350 building in Runcorn, Cheshire. B&M will use the facility to support its existing national distribution network, which supplies the discount retailer’s 400 stores nationwide.
Onyx350runcornFormed in 1978, B&M Retail describes itself as a variety retailer, selling toys, furniture, electrical appliances and food across its 400 stores, staffed by 19,000 employees.
Charlie Howard, managing director – UK, Logicor said: “We are delighted to welcome B&M as a new customer to our UK portfolio and are looking forward to supporting their future growth needs.”
Onyx350 is near the M56 motorway, the Port of Liverpool, and Manchester and Liverpool airports. It will also benefit from The Mersey Gateway Project, which will see a second river crossing due to open by 2017. In addition, there is the potential to expand the building by up to an additional 100,000 sq ft.
Logicor was advised by Cushman & Wakefield, B8RE, Moriarty & Company and Wragge Lawrence Graham & Co. Savills acted for B&M Retail Ltd, with legal advice provided by Gordons LLP.
Source: logisticsmanager.com
Portal: logistik-express.com