- New 375,000 sq ft warehouse supports B&Q’s existing unit which is adjacent to the site
London, 18 April 2018 – Gazeley, a leading investor and developer of logistics warehouses and distribution parks, announced today that it has entered into an agreement with B&Q owner Kingfisher to develop a new 375,000 sq ft build-to-suit warehouse at G. Park Swindon.
The new warehouse, which will support B&Q’s store replenishment operations, is located adjacent to its existing 800,000 sq ft unit which was also developed for B&Q by Gazeley in 2008.
Construction of the new warehouse commenced at the start of March, having received detailed planning permission, with the building expected to achieve practical completion by December 2018. When completed, the development is expected to create 100 full-time jobs in Swindon.
G.Park Swindon is an established and much sought after location for logistics. It benefits from its proximity to a number of key transport routes, including the M4/M5 motorways, and a number of major towns including Oxford, Bristol and London. The development is also home to international express, mail delivery and logistics services company TNT who occupy a 56,000 sq ft built-to suit, state-of-the-art parcel hub developed by Gazeley in 2015.
Bruce Topley, Senior Development Director, of Gazeley, said: “G.Park Swindon benefits from exceptional transport links and has become a leading destination for logistics and distributions operations in the UK. We are delighted to be working with B&Q for a second time and look forward to delivering this exciting project. Gazeley has built a reputation for exceptional customer service and delivery of high quality buildings that give its customers the flexibility to adapt to the changing and fast evolving ecommerce landscape.”
Tim Crighton, Group Logistics Property Manager at Kingfisher plc, said: “This is an important milestone for Kingfisher and B&Q in implementing our supply chain strategy as part of the One Kingfisher transformation plan. The new site will allow us to improve efficiencies within the supply chain for B&Q, meaning we’ll be able to get product out to stores more quickly, and helping us to help more customers improve their homes.”
Lambert Smith Hampton, Burbage Realty and Whitmarsh Lockhart acted for Gazeley while B&Q were represented by Cushman & Wakefield.
Rob Yates, Smithfield
+44 (0) 20 3047 2546
Gazeley is a leading developer, investor and manager of European logistics warehouses and distribution parks with a 17 million square foot portfolio concentrated in the strategic logistics markets of the UK, Germany, France and the Netherlands. In addition to its operating portfolio, which is 98% leased to blue chip customers such as Amazon, UPS and Volkswagen, Gazeley has a prime land bank which allows for the development of an additional 16 million square feet. Gazeley is GLP’s Europe platform.
GLP is the leading global provider of logistics solutions. Through its network of strategically-located properties and ecosystem partners, GLP is able to offer both space and technology-led solutions to drive value for its customers. GLP is one of the world’s largest real estate fund managers, with over US$46 billion of assets under management and a global portfolio of 636 million square feet spread across eight countries globally.
For further information about Gazeley please go to www.gazeley.com
For further information about GLP please go to www.glprop.com
Kingfisher plc is an international home improvement company with nearly 1,300 stores in 10 countries across Europe, Russia and Turkey, supported by a team of 78,000 colleagues.
We offer DIY and home improvement products and services to nearly six million customers who shop in our stores and through our digital channels every week. Our customers are everyone wanting to improve their home, as well as the experts and trade professionals who help them.
We believe everyone should have a home they feel good about, so our purpose is to make home improvement accessible for everyone. www.kingfisher.com
Teneo Blue Rubicon
+44(0)20 7260 2700