Marks & Spencer PLC - Bradford Distribution Centre

Cushman & Wakefield was appointed by Marks & Spencer Plc to identify opportunities in the North of England to accommodate a 1,000,000 sq ft distribution centre in order to serve its UK stores.

" The team matched all of our expectations and delivered a complete and professional service. The team provided fresh and innovative ideas and continually provided us with regular progress reports. All in all, an extremely professional service. "
- Helen Nash, Head of Retail Acquisition (South) & Estate Management, Marks & Spencer

The Brief

Cushman & Wakefield was appointed by Marks & Spencer Plc (M&S) to identify opportunities in the North of England to accommodate a 1,000,000 sq ft distribution centre in order to serve its UK stores.

Solution

C&W carried out a search of appropriate development opportunities based on detailed transport metrics provided by M&S that resulted in preliminary negotiations being undertaken with a number of Developers and Land Owners in the North of England. The preliminary enquiries factored heavily upon deliverability of a sustainable option and the ability for M&S to participate in the development by way of potential joint venture.

Conclusion

Our advice and involvement resulted in a 50/50 joint venture being set up between M&S and ProLogis. Following planning permission being granted in July 2008, M&S has acquired a 50% interest in ProLogis Park, Bradford and agreed to invest approximately £20,000,000 in developing out a 1,060,000 sq ft purpose built regional distribution centre. M&S has agreed to take a 35 year lease of the completed unit from the joint venture on market terms and practical completion of the scheme took place in March 2010.

For more information contact:

Services:

National Logistics and Industrial

Printer Friendly Version