• Swindon & Wiltshire Property
• Thursday April 10 2025

M&S logistics warehouse to be built in South West following £74 million deal

Work is set to begin on a giant logistics hub for M&S in Bristol following a £74 million land deal – the largest forward funding deal in the UK in the past 18 months.

Construction of the 390,000 sq ft warehouse at the 100-acre Axis Works, Avonmouth will begin immediately after Epta Development Corporation and its development partner Stoford sold the not-yet-construction to property firm LondonMetric.

M&S has signed a 20-year lease on the facility, which is due to be completed in 2026.

Andrew Jones, chief executive of LondonMetric, said: “This is a high quality development let on a very long lease to one of the UK’s strongest retailers.

“It will deliver income longevity, certainty and guaranteed growth. It further extends our relationship with M&S and adds another exceptional building to LondonMetric’s portfolio.”

Alex Freudmann, MD of M&S Food, added: “Modernising our supply chain is key to increasing the capacity in our network and will help us get ahead of the volume curve we are driving in M&S Food to meet our ambition of becoming a shopping list retailer.

“This new site will ensure that we’re getting the right products to the right stores at the right time for our customers. It will also create a great working environment for our colleagues.”