Retail giant will significantly expand its 'range' after leasing Yorkshire super shed
Fast growing retail business, The Range, is opening a major new distribution centre in Yorkshire that is expected to create hundreds of new jobs, after leasing one of the North of England’s largest, vacant distribution warehouses.
Premier Way North offers 546,970 sq ft of space, within a 31-acre site, just off the M62 at Normanton, and was marketed jointly by Leeds property consultancies JLL and Gent Visick.
The Range has signed a 20-year lease on the building, which will complement its existing distribution centres in Thorne and Avonmouth. The company has more than 175 stores nationwide and stocks more than 65,000 products, from homewares to furniture and DIY products to art supplies.
Exeter Property Group acquired the property last year in a £43.5 million off-market deal - was previously occupied by Poundworld.
Alex Simpkin, Chief Executive Officer of The Range, said: "As part of our ongoing expansion and new supply chain initiatives we were looking for flexible, additional space. The key attraction of Normanton was its close proximity to our existing Northern distribution centre in Doncaster and of course the nearby motorway network."
Richard Harris, a director at JLL, added: “This is a high-quality and very substantial cross-docked, high bay distribution warehouse, in well located on the M62. There is nothing currently vacant, of this standard and scale in the North so it’s not surprising to see The Range acting so decisively to secure this building.”
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.3 billion, operations in over 80 countries and a global workforce of more than 93,000 as of September 30, 2019. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated.