Logicor, a leading owner and manager of logistics real estate in Europe, has secured a new 10-year lease with B&Q, the UK’s leading home improvement retailer, to stay at its 800,000 sq ft Redhouse Distribution Centre in Doncaster.
Located at Redhouse Interchange, adjacent to the A1(M), this is one of B&Q’s largest distribution centres employing over 700 employees.
The new lease will start at the end of B&Q’s existing lease in December 2023. The retailer is committed to continue occupying the property until the end of 2033, with no breaks.
Demonstrating its commitment to the area, B&Q has significantly invested in the site over recent years, including extensive landscaping to provide areas for employees to enjoy outside and improving biodiversity. Committed to reducing its carbon footprint, initiatives have included the installation of solar panelling on the roof and LED lighting throughout to reach an EPC rating of an A.
Tom Blakely, Logicor’s Director, Asset Management, comments: “Redhouse is a well- established base for B&Q, who have been a valued customer since 2003. We continue to work closely with the team to evaluate and implement further sustainable and wellbeing initiatives now and for the future.”
Peter Daniel, B&Q’s Property Management Surveyor, comments, “We are delighted to continue working with Logicor to remain at one of our largest B&Q Distribution Centres for a further 10 years, as our business grows, and we continue to support our customers with exceptional service, inspiring project ideas, expert support and clever solutions.”