Discount retailer TJ Hughes has signed up for 170,000 sq ft of new Liverpool warehousing as they return to a property they last occupied in 2011.
The firm is to occupy the new Space 170 distribution warehouse just off Edge Lane on the outskirts of Liverpool City Centre, close to the M62 motorway.
The Space 170 warehouse building was previously vacated by TJ Hughes in 2011 and was vacant for a number of years before being acquired by private investors for a comprehensive refurbishment to provide remodelled and refurbished second-hand warehouse building.
The move back to the building by TJ Hughes represents an excellent return to fortunes for the retailer following the purchase of the business out of administration by the Juneja family who have successfully turned the business back around into a growing retail brand.
Jon Thorne from B8 Real Estate who brokered the deal on behalf of the unnamed private landlord, said: “This transaction demonstrates the strength of the industrial property market which is becoming integral to the success of the economy in the region with the growth of online retailing and manufacturing continuing to generate warehouse-based property requirements.”
B8 Real Estate acted as joint agents with BC Real Estate.