The Harveys furniture chain is to take over a 66, 000 sq ft distribution depot at Avonmouth that was formerly occupied by MFI.
Harveys will use the depot on the Western Approaches business park as its main distribution centre for the South West and Wales.
Harveys has more than 150 stores around the country including branches at Cribbs Causeway and Brislington.
Its distribution network handles almost 7,000 home deliveries every week. The new Avonmouth depot will serve the growing store network in the South West and Wales.
The unit had been standing empty for two and a half years. Colliers International, acting jointly with BNP Paribas and Burbage Reality negotiated the surrender of the lease and agreed the sale of the building to Formal Investments Ltd.
Colliers industrial specialist Jonathan Allen, who helped broker the deal, said the warehouse had been one of the last large units available in the region. “It was very satisfying to sign off this deal between Christmas and the New Year – at a time when the industrial sector is generally dormant – and end the year on a high note.”
Colliers International, BNP Paribas and Burbage Reality acted for MFI. Lewis and Company advised Formal Investments and Steinhoff Group, the parent company of Harveys.