The new distribution centre will be a 33,275 square foot building, which will be located near the M6 outside Wigan.
The building will be the high street retail giant’s distribution hub for the north west region. As such, it could create about 800 jobs when it opens later in 2016.
Stoford, a Birmingham-based commercial property developer, recently began construction work at the site of Poundland’s warehouse and distribution centre. The project is said to be worth an estimated £30 million.
Stoford was appointed by Poundland executives to construct and complete the scheme at the M6 EPIC location, situated at Lockett Road. McLaren Construction has been engaged as contractors, and completion is scheduled for June 2016.
Wigan Council granted detailed planning consent within seven weeks of receiving the submitted application.
Poundland, which is being advised by Cushman and Wakefield, has arranged for a 20-year lease at the site at a rental rate of £4.65 per square foot. The Webb Gray-designed development is being funded by the Standard Life Investments Long Lease Fund, which is investing £30 million