Northampton-based Travis Perkins Group subsidiary Toolstation has snapped up the last plot at Prologis’ Prologis Park Pineham scheme in the East Midlands for a 493,098ft2 distribution centre.
The tool retailer and hire firm has secured a 15-year lease for the brand-new logistics building, with plans to move in once construction and fit-out is completed in July 2022.
Toolstation’s new building will meet the highest sustainability and carbon reduction standards, with added features such as solar PV on the roof and a target BREEAM ‘Excellent’ rating.
The DC will support Toolstation’s ongoing expansion. With 60 new branches opening each year, alongside the rapid growth of online and digital orders seen in the past 18 months, this move will only benefit the company as it continues to develop.
Knight Frank acted for Toolstation while Burbage, CBRE, and Cushman & Wakefield acted for Prologis.