Essential reading for retailers and suppliers in the home improvement market

Argos sells distribution centre for £75m

Published: 29 March 2016
Argos has sold its National distribution centre in Burton-upon-Trent to property investment company Tritax Big Box in a £74.65m deal.
Argos sells distribution centre for £75m
The distribution centre is approx. 640,000 sq ft and, according to Tritax, benefits from significant capital investment by the tenant including substantial internatl automation systems.

Said Tritax partner Colin Godfrey: "We are pleased to have completed this acquisition, the second investment following our recently oversubscribed £200m equity raise which closed in February.

"The highly automated facility is one of Argos' key National Distribution Centres providing downstream supply of goods to Regional Distribution Centres and onward to stores or e-commerce customers.

"It provides further geographical diversification, complements our existing Argos investment at Heywood, Manchester, and allows us to build upon that existing relationship. Our portfolio now comprises 27 Big Box logistic assets."

Argos was recently at the centre of a bidding war between Sainsbury's and Steinhoff, eventually won by the former.

Comments


(Your email address will not be published)
Already Registered?
Sign In
Not Yet Registered?
Register
Printable View E-mail Bookmark
*

What do you think?


As a retailer, what do you struggle most with in the adhesives & sealants category?





Latest reader comments

re: Toolstation.com excels in Which? website survey

Ray Pearce
Toolstation is always straight forward from ordering from the catalogue to receiving the items and a comfortable welcoming place to browse ...

re: Better Bathrooms goes into administration

Carolyn Muggleton
HiWe purchased a shower enclosure from Better Bathrooms which we have returned to them and asked for our money back.. The amount we ...

re: Woolworths staff reunited by new website

Pam Jones
looking for Brian Finch who worked as an undermanager to Mr. Cotton in Ebbw Vale woolworths....

re: 13-year-old's invention goes into production

Gel
No point in responding to an 8 year old post!...

re: Capitol Tiles outlets snapped up by BC Ceramics

Beryl smith
Hi I bought some black tiles called night black by capitol tiles I need some spares do you know where I can get them thanks Beryl...

Most read stories