Punchbowl 130 is a newly refurbished distribution unit located on the outskirts of Hemel Hempstead. BMO REP has undertaken an extensive refurbishment of the 131,323 sq ft cross-docked distribution centre, which is strategically located within five minutes of junction eight on the M1.
The unit has recently been identified by Alliance Floor Distribution Limited as an ideal solution for their new South East Distribution Centre following a review of their UK logistics operations.
Having considered a number of existing options in the South East, Punchbowl 130 stood out in terms of location, accessibility and specification with Alliance able to commit to an unbroken 15-year lease term.
Brasier Freeth along with BNP Paribas Real Estate are sole joint agents on this property. Claire Madden, Partner at Brasier Freeth commented, “Punchbowl 130 offers high quality, self-contained warehouse accommodation in an excellent distribution location. BMO REP has been rewarded for its decision to undertake a comprehensive refurbishment and is delighted to have secured a tenant the calibre of Alliance for a significant term.”
Hemel Hempstead continues to prove a popular location for ‘big box’ occupiers, who elect to take advantage of a discount in rent in comparison to units in West London.
BNP Paribas Real Estate and Brasier Freeth represented BMO REP; Alliance Flooring Distribution Limited was represented by MWRE.