04 July 2012
BNP Paribas Real Estate secures 218,000 sq ft warehousing facility for Poundland
BNP Paribas Real Estate, the leading property adviser, has secured a 218,000 sq ft warehousing facility for Europe’s biggest single price discount retailer, Poundland. The new 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 to ensure we continue to deliver amazing value to our customers every day. 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.”
Ranjit Gill, National Head of Logistics Agency at BNPPRE, added: “Working in close partnership with leading retailers, such as Poundland, enables us to locate the most suitable industrial property to meet their requirements. As continued growth and expansion is a possibility within the near future for Poundland, we helped to secure them a flexible lease.”
RD Park Hoddesdon is a high specification industrial/warehouse scheme situated in a prominent position off Essex Road, providing easy access to the A1170/A10 leading to Junction 25 of the M25.
Savills acted for Wincanton.
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