B&M signs up for Ellesmere Port industrial scheme

Cain International has signed budget retailer B&M to a ten-year lease at its £16m industrial scheme in Ellesmere Port.

Tritax EuroBox, a fund managed by Tritax Management, and Chancerygate acquired the freehold of the 17.5-acre site in September 2021.

Ilsington acquired the development from Network Space in October 2022. Cain International is developing the site, which is located adjacent to the M53 motorway and close to key distribution hubs in the North West.

The development comprises four units with a total floorspace of 228,980 sq ft. B&M has taken a 10-year lease on Unit 1, which comprises 105,057 sq ft. The remaining three units are available to let.

B&M is a leading variety retailer with over 680 stores in the UK and Ireland. The company sells a wide range of products, including groceries, homeware, health and beauty, and DIY.

The signing of B&M is a major coup for Cain International and Tritax EuroBox. It is a strong endorsement of the quality of the development and its location.

B&M is expected to open its new store in Ellesmere Port in early 2024.