Poundland has exchanged contracts on a site that will house a new 350,000 sq ft distribution centre in Harlow, Essex.
The budget retailer is working with Lynton Developments to redevelop the former Pitney Bowes and GlaxoSmithKline site with a new £40m scheme.
Poundland’s National Property Portfolio Manager Ben Wall said: “Poundland continues to grow its store estate rapidly, with 69 new stores opened in 2012-13 and a minimum of 50 new stores planned for 2013-14.
“This new South East distribution centre will provide an eco-friendly, high-specification distribution hub for the South East and ensure that, as the store portfolio grows, we can continue to deliver amazing value to our customers every day.
“Following an extensive search for the right space, we are extremely pleased that the development of our new South East Regional Distribution Centre will take place in Harlow.”
Cushman & Wakefield as the agent on the transaction.
Jack.Sidders@estatesgazette.com
