Gordons advises B&M on 674,265 sq ft distribution centre lease, supporting ambitious UK expansion plans.
Retail specialist law firm Gordons has played a key role in one of the UK’s largest logistics deals this year, advising discount retailer B&M on the lease of a 674,265 sq ft distribution centre in Ellesmere Port, Cheshire.
The state-of-the-art facility, known as Link 674, will serve as an import hub to support B&M’s ambitious expansion plans. The ten-year lease, secured with real estate investor Cain International, marks another milestone in the longstanding partnership between Gordons and B&M, which spans over 20 years.
Gordons’ commercial property partner, Joanne Fearnley, led the team handling the complex lease negotiations.
Supporting B&M’s expansion
Link 674 is set to commence operations in 2025 and will be integral to B&M’s plans to grow its UK store portfolio to over 1,200 locations. In the past six months alone, the retailer has opened 30 new stores, reflecting its rapid growth trajectory.
Joanne Fearnley said, “We are very pleased to have played our part in securing the deal by advising on the complex lease negotiations and look forward to seeing Link 674 become operational for our client next year. We have a longstanding trusted relationship with B&M.”
Gordons has advised B&M on over 600 store acquisitions during their longstanding partnership. Headquartered in Leeds and employing 170 people, Gordons has built a reputation as a leading firm for retail law, with an impressive client list including big brands like AO, Cloud Nine, Decathlon, Evri, Morrisons, Ocado Retail, and Wren Kitchens.
Key Players in the Deal
The lease is managed on behalf of Cain International by Firethorn Trust, with B8 Real Estate, CBRE, and Moriarty & Co. acting for the landlord. Legal advice for Cain and Firethorn Trust was provided by Simmons & Simmons, while Savills worked alongside Gordons to represent B&M.
Image credit: Gordons
Josie Geistfeld
Josie Geistfeld is Editor of Yorkshire Legal News. She welcomes comments and questions.