Lambert Smith Hampton (LSH) has advised Marks & Spencer on the acquisition of a new 1.3m sq ft automated National Distribution Centre in Daventry, marking one of the UK’s largest logistics real estate deals in recent years.
The new development, being delivered by Prologis, represents a £340m investment in M&S’s food supply chain, the largest in the retailer’s history and forms a cornerstone of its strategy to double the size of its Food business.
LSH provided a full-service advisory role, drawing on expertise from its agency, capital markets and building consultancy teams, underlining the firm’s breadth of capability in delivering transformational projects for major occupiers. The deal follows closely on from LSH’s recent instruction on a major Bristol distribution centre for M&S, cementing the firm’s position as one of the retailer’s key real estate partners.
James Polson, Executive Director and National Head of Industrial & Logistics at LSH, said:
“This transaction is a fantastic example of the role property can play in enabling corporate growth strategies. It also highlights the strength of collaboration across our agency, capital markets and consultancy teams to deliver a truly joined-up service for a valued client. M&S is setting the benchmark for future-proofed logistics, and we are proud to have played a central role in making this deal happen.”
Located at the Daventry International Rail Freight Terminal (DIRFT), a prime logistics location with unrivalled transport connectivity, the new facility will incorporate cutting-edge automation and sustainability features, with ambitions to achieve BREEAM Outstanding, placing it amongst the top 1% of sustainable buildings globally.
This milestone project will not only transform M&S’s distribution capabilities but also generate thousands of jobs during construction and long-term operation, reinforcing the positive impact of strategic investment in the Midlands logistics market.
The new development, being delivered by Prologis, represents a £340m investment in M&S’s food supply chain, the largest in the retailer’s history and forms a cornerstone of its strategy to double the size of its Food business.
LSH provided a full-service advisory role, drawing on expertise from its agency, capital markets and building consultancy teams, underlining the firm’s breadth of capability in delivering transformational projects for major occupiers. The deal follows closely on from LSH’s recent instruction on a major Bristol distribution centre for M&S, cementing the firm’s position as one of the retailer’s key real estate partners.
James Polson, Executive Director and National Head of Industrial & Logistics at LSH, said:
“This transaction is a fantastic example of the role property can play in enabling corporate growth strategies. It also highlights the strength of collaboration across our agency, capital markets and consultancy teams to deliver a truly joined-up service for a valued client. M&S is setting the benchmark for future-proofed logistics, and we are proud to have played a central role in making this deal happen.”
Located at the Daventry International Rail Freight Terminal (DIRFT), a prime logistics location with unrivalled transport connectivity, the new facility will incorporate cutting-edge automation and sustainability features, with ambitions to achieve BREEAM Outstanding, placing it amongst the top 1% of sustainable buildings globally.
This milestone project will not only transform M&S’s distribution capabilities but also generate thousands of jobs during construction and long-term operation, reinforcing the positive impact of strategic investment in the Midlands logistics market.
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