House of Fraser is pleased to announce that it has submitted a planning application to Peterborough City Council, for the development of a new 750,000 sq. ft. distribution hub on the edge of Peterborough.
The site is part of the Gateway Peterborough development ( Gateway ), situated at the junction of the A1(M) and the A605, and already benefits from outline consent for up to 5 million sq. ft. of industrial and distribution buildings. Gateway is owned and developed by Roxhill, a specialist industrial and distribution developer.
The site is ideally located for the needs of House of Fraser, as a large multichannel retailer, with close proximity to London and access to local talent. It is expected that the new distribution hub will create 500 to 1,000 local jobs.
Nigel Oddy, CEO of House of Fraser, commented:
House of Fraser has seen phenomenal growth of its ecommerce business in recent years and has consistently delivered a strong financial performance, testament to the strength of our truly multichannel business. As a result of this growth, we need additional warehouse capacity to meet future supply chain needs and to meet demand for products from our customers. After an extensive site search for an additional facility across the Midlands, we have submitted a planning application to develop a site in the Gateway Peterborough development.
Ray Kavanagh, Executive Director of Commercial & Logistics of House of Fraser, added:
We are delighted to be working with Peterborough City Council on our application for a new state-of-the-art distribution hub in Peterborough and will be working closely with the local authority to ensure our proposals deliver on promises made at the outline stage of jobs, growth and investment in the local economy. Peterborough is an established distribution and manufacturing location and is ideally situated for our needs.
We look forward to sharing more information with the local community in due course, and we will continue to update all our employees and other stakeholders, as appropriate, throughout this process.
House of Fraser has two existing distribution centres in Wellingborough and Milton Keynes, with current third party logistics agreements running to at least H2 2018, and has invested significantly in these sites in recent years. These two locations and the respective logistics providers play a vital role in fulfilling House of Fraser s warehouse capacity needs.
Councillor John Holdich, Leader of Peterborough City Council, said:
This announcement is great news for Peterborough’s economy and is a huge vote of confidence in our city. In the past three years Peterborough businesses have added almost 7,000 jobs to our economy and this commitment by one of the best known high street names to create an additional 500 to 1,000 jobs is fantastic. It’s a further boost to our private sector jobs market, which is now one of the most buoyant in the country, and will help push our unemployment figures even further below the national average.
Steve Bowyer, Chief Executive of the city s economic development company, Opportunity Peterborough, welcomed the news:
It is tremendous that House of Fraser is making this commitment to invest in Peterborough. We are a growing city with a great workforce and I am sure the move will prove a success for both House of Fraser and the city. We look forward to continuing to work with the House of Fraser team in establishing themselves in Peterborough.
On April 13 2016, House of Fraser updated the market on its performance for the 52 weeks to 30