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.
