Member Article

500 jobs to be created by B&M warehouses in Cheshire

Retailer B&M will increase its warehouse capacity after agreeing leases on two additional distribution warehouses in Cheshire.

Liverpool-based B&M estimates the move will see 500 additional jobs created in the area.

The total space leased is 810,000 sq ft, comprising new leases on the 350,000 sq ft Onyx 350 facility in Runcorn and a 460,000 sq ft distribution centre in Middlewich.

The company reported a strong financial year in its latest results, getting back in the black and opening 55 new stores during the year.

B&M was advised on both deals by Gordons commercial property partner, Joanne Fearnley. She has acted for the company on all its property matters, and principally on its store acquisition programme, for over 10 years.

B&M’s chief executive, Simon Arora, said: “We believe we are the UK’s leading variety retailer.

“To provide our shoppers with exceptional value, we must have a highly efficient supply chain infrastructure in place.

“The new distribution warehouses are essential to achieving that objective.

“Advice provided by Joanne Fearnley and the team at Gordons regarding the sites has enabled us to secure the warehouses quickly and on acceptable terms.

“Gordons understands retail, and B&M in particular, which means its people are able to act quickly and think entrepreneurially on our behalf. These latest deals are great examples of Gordons’ highly effective approach.”

Gordons’ Joanne Fearnley said: “As one of the UK’s fastest growing retailers, B&M requires legal services delivered with precision and pace. Our long-standing relationship with the business means we instinctively know how to work with B&M to provide commercially-focused advice.”

B&M, which listed on the London Stock Exchange last year, sells toys, housewares, furniture, garden products and food, including major brands and own range products.

This was posted in Bdaily's Members' News section by Sophia Taha .