Cain International
London, 18 November 2024: Cain International (“Cain”) is pleased to announce it has secured a lease with B&M Retail Limited (“B&M”) for Link 674 at Ellesmere Port, marking a significant milestone for its logistics portfolio and one of the largest lease agreements in the U.K. logistics market this year. As part of the agreement, B&M will sign a 10-year lease for the 674,265 sq. ft. facility, which is managed by Firethorn Trust on behalf of Cain.
B&M, is a multinational general variety retailer listed on the London Stock Exchange and a constituent of the FTSE 100 Index. The company operates from 764 B&M stores across the UK together with 129 in France, located in both out-of-town retail parks, and town/shopping centres.
Strategically located in Ellesmere Port, Link 674 offers excellent access to major transportation networks, including the Manchester Ship Canal, the Port of Liverpool, and key motorways. With a net-zero carbon construction, the facility has been designed with sustainability in mind, featuring energy-efficient designs, solar panels, rainwater harvesting systems, and the use of recycled materials.
Tim Brazier, Senior Vice President at Cain International, commented: “At Cain, our investment thesis is built on forming strong partnerships and developing high-quality spaces that support businesses aiming to establish or expand their presence. Securing B&M Retail as a tenant reinforces our belief in the strength and resilience of strategically located, thoughtfully designed assets tailored to meet the needs of innovative companies.”
James Sanders at Firethorn Trust added: “As asset managers, we’re committed to creating long-term value for our clients and their occupiers. Link Logistics Park is one of the largest and most prominent industrial sites in the North West, and the strong demand from top-tier tenants like B&M Retail is a testament to both the quality of the spaces we’ve developed, and the strength of our robust management strategies.”
A spokesperson for B&M Retail Limited said: “Link 674 at Ellesmere Port provides us with increased capacity to support our continued store portfolio growth in the U.K. This new facility will operate as an imports centre which will manage in-bound container flow and optimise the capacity of B&M UK’s five existing distribution centres which are handling ever-growing volumes”
B8 Real Estate, CBRE and Moriarty & Co. acted for Cain and Firethorn Trust, with Simmons & Simmons providing legal advice. B&M were represented by Savills and advised by Gordons LLP.
Adjacent to Link 674 is the site’s remaining unit, Link 114, which spans 114,692 sq ft and is available for immediate occupation. For more information, visit www.linklogisticspark.co.uk.
Related News
PRESS RELEASE
7th December 2023
Cain’s U.K. logistics portfolio finalises development stage with the completion of Sherburn42
PRESS RELEASE
25th October 2023
Cain’s Barnsley 340 logistics development reaches practical completion
PRESS RELEASE
19th September 2023
First Occupier Secured for London Logistics Hub