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UK Store News

Screwfix to open in Launceston

Screwfix entrance sign 725 x 500

Screwfix has confirmed that it's planning to open a brand new store in Launceston, only weeks after sister company B&Q announced that it would be closing its store in Huron Road.

Screwfix continues to deliver significant year on year growth, as the chain rapidly expands towards 500 branches in the UK. The new branch will be located at unit 2B in Scarne Industrial Estate, a new build property of around 4,300 sq ft, positioned next to Launceston Retail Park, where the current B&Q is located.

Tom Watkins, from the Colliers International industrial and logistics team said: "Most of the sites we have acquired so far have been off-market deals that we have managed to secure because agents are aware of what we are seeking as sole advisor for Screwfix, and this has continued in 2016 as we seek appropriate sites.

"We are delighted to have hit the targets set for us by Screwfix three years in a row, despite the fact that stock is very limited at present. We are pleased to have already secured a number of key sites in 2016, with a number of further options in the pipeline."

In 2013, Screwfix announced that it planned to open a raft of new stores around the UK, with the aim of ensuring 91% of the population were within as little as a 30 minute drive of a Screwfix store.

In 2014, Colliers International was brought in to locate 60 sites pr annum with either existing or new build units of between 4,500 and 11,000 sq ft in areas offering good access to population centre.

Source: Insight DIY Team

16 May 2016

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