Toys retailer signs up for lease at PLP Ellesmere Port
Games and online toys retailer, BargainMax.co.uk, has taken Unit 1 at PLP Ellesmere Port on a lease from PLP, the specialist UK logistics developer and investment manager.
Located at junction eight of the M53, PLP Ellesmere Port is a prime gateway logistics scheme consisting of two units totalling 229,160 sq ft, which were developed speculatively. BargainMax.co.uk has leased unit 1, which extends to 90,548 sq ft. Unit 2, of 138,612 sq ft, is still available.
PLP Ellesmere Port was completed in October 2021 to a BREEAM Excellent standard and is one of the first completed Carbon Net Zero (CNZ) warehousing logistics developments in the UK.
The scheme was developed in accordance with the UK Green Building Council’s Net Zero Buildings Framework, which combines CNZ construction with CNZ-ready design to enable BargainMax.co.uk to achieve CNZ operations by utilising built-in renewable energy features and procuring appropriate renewable energy supplies.
This site was developed and held for long term ownership by PLP’s first investment vehicle (UKLV1). Matt Fitton, development director at PLP, said: “In welcoming BargainMax.co.uk to PLP Ellesmere Port they join a growing list of occupiers acquiring carbon net zero warehousing facilities in the UK. It is clear that this is becoming a key requirement for the occupational market which continues to endorse PLP’s long standing commitment to deliver all new speculative to this standard.”
He welcomed the “substantial” new jobs and inward investment into Ellesmere Port as a result of the deal.
Alex Woolfstein, director of BargainMax.co.uk, said “In such a high demand market, we are proud that PLP have chosen to partner with BargainMax.co.uk, which serves as a strong indication of their belief in our continued expansion.
“PLP Ellesmere Port will provide us with the logistical infrastructure to support our continued growth as well as driving improved efficiency in this sustainable new build warehouse. Ellesmere Port is a hub for fulfilment centres and we look forward to joining the long list of well established businesses in the area.
“Our aim is to drive engagement in the local community through job creation and investment in the facility through local partners.”
B8 Real Estate and Gerald Eve advised on the transaction.
PLP is a consortium including Peel, the Australian bank Macquarie and Ivanhoé Cambridge of Canada.