Pets At Home expansion continues with plans for mega shed in West Midlands
Pets at Home is to open a 670,000 sq ft national storage and distribution centre in Redhill Business Park, Stafford.
Earlier this month the retailer took on a further 141,000 sq ft warehouse at LondonMetric’s scheme in Stoke-on-Trent.
Pets At Home signed a conditional agreement for a 20-year lease for a proposed 670,000 sq ft development on a 52-acre site at Redhill Business Park, Stafford, close to Junction 14 of the M6. An additional 100,000 sq ft of expansion land will also be available, if required.
Stoford Developments will deliver the scheme, which will comprise a purpose-built warehouse unit, a three-storey office and two double-storey hub offices. A recycling store, tote store and a gatehouse will be built detached from the main building.
A planning application is expected to be submitted to Stafford Borough Council in September after a period of online consultation with local stakeholders. Construction could start on site in 2021, subject to planning consent, with completion pre fit-out anticipated during 2022.
The proposal forms phase two of development at Redhill Business Park, which was developed following an ÂŁ11 million investment by Staffordshire Council.
Global real estate advisor, Colliers International, advised Pets at Home on the deal.
Stoford joint managing director Dan Gallagher said: “We’re excited to deliver this scheme on behalf of Pets at Home, which will support both their current position as the UK’s leading pet care business as well as their future growth trajectory.”
Simon Norton, director, industrial and logistics at Colliers said: “This planned site acquisition really demonstrates how the industrial and logistics property sector continues to buck the trend with space take up exceeding previous years, particularly as the Big Box market has become one of the leading asset classes for both occupiers and investors.”
The retailer netted revenue of ÂŁ1.01 billion in the financial year to March, up 10.2% year-on-year.