B&M agrees Onyx350 deal

B&M Retail has signed a ten-year lease on a 350,000 sq ft warehouse in Runcorn owned by Logicor, with an option to extend the unit by 100,000 sq ft.

B&M will use the Onyx350 facility to support its existing national distribution network.

Rent at the warehouse is around £4.85/sq ft.

Logicor was advised by Cushman & Wakefield, B8RE, Moriarty & Company and Wragge Lawrence Graham & Co.

Savills acted for B&M Retail, with legal advice provided by Gordons LLP.

Logicor’s UK logistics portfolio totals more than 21m sq ft.

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By Blaze Marketing