- United Kingdom
Helping our clients to grow
A cross-practice team from Eversheds Sutherland has advised Boohoo plc (Boohoo) on its lease of a 1.1m sq ft site in Daventry, Northamptonshire.
The team advised the online fashion retailer as it takes on a new lease of the building comprising a recently constructed distribution centre and headquarter offices. Working exceptionally fast and efficiently, the team advised Boohoo on the long-lease which was negotiated, agreed and exchanged within a short timeframe. The site was formerly owned by the Arcadia Group.
Boohoo has recently acquired numerous clothing brands and fashion labels including Burton, Debenhams, Dorothy Perkins and Wallis. These acquisitions urgently necessitated the need for a new distribution centre to support its rapidly growing business, which alongside existing sites in Burnley, Sheffield and Wellingborough, gives Boohoo a net sales capacity of more than £4bn. The Eversheds Sutherland team had advised Boohoo on the Wellingborough lease earlier this year.
The team was led by Nancy Brown, Partner and Head of Eversheds Sutherland’s Manchester Real Estate Group; and Liz Whitfield, Principal Associate, Real Estate.
Nancy Brown, said:
“This is our second acquisition of a distribution centre for Boohoo this year, and credit should go to the entire cross-practice team in ensuring the deal closed within a tight deadline. As this major online retailer continues to grow and execute its strategic acquisitions of other brands, we are delighted to be able to advise and support it on its exciting journey, particularly where it is creating job opportunities across the UK.”
A Boohoo spokesperson, commented:
“We are delighted to expand our UK footprint, adding further capacity to our existing three facilities in Burnley, Sheffield and Wellingborough. The new warehouse is scalable, and we expect to invest over £50 million in the coming years to boost capacity and create further jobs in the process. We would like to thank all at Eversheds Sutherland for their assistance throughout this process, and we look forward to working alongside the team again soon.”
The team were supported by David Gray, Partner, Restructuring; Paul Cotton, Partner, Employment; Simon Chamberlain, Partner, Construction Litigation; Rachel Cooper, Legal Director, Commercial; and Sarah Duignan, Principal Associate, Restructuring.
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