Services
JLL advised Castorama in: market analysis to evaluate the best available solutions, preparation of the project strategy and the RFP, gathering of potential bids, technical and financial comparison and recommendation of premises to the shortlist negotiations with developers, support and advice to the terms of transaction finalization.
Process
Castorama is a French retailer of DYI and home improvement tools and supplies, part of the British group Kingfisher plc. Due to the dynamic development of Castorama, a decision was made to invest in another warehouse facility in the Central Poland, which will enable to increase productivity and significant impact on increasing the efficiency of the logistics process. JLL carried out a complete verification of land, which corresponded to the needs of the customer and for the delivery of the object, which met the customer’s expectations.
Results
With the support of JLL Castorama has leased 100,000 m2 in Stryków (Central Poland) at the junction of A1 and A2 highways. The building will be constructed in two phases – the first one has been delivered in November 2017. The building has been built in accordance with all technical requirements at very attractive terms. The new warehouse increased the quality of logistics operations and the ability to improve the efficiency of the Group. In addition, JLL advised Castorama on the extension of the lease agreement for 50,000 m2 and the lease of another 36,000 m2 in Central Poland.