MKM Building Supplies, the UK’s largest independent builders’ merchant, has agreed a long-term lease on warehouse units at Bilton Way Industrial Estate in Luton, Bedfordshire. The company has taken units 2-6 and 8B, covering 26,590 sq ft, following a deal facilitated by property consultancy Kirkby Diamond.
The firm plans to invest over £1 million in reconfiguring and upgrading the new facilities to suit its operational requirements. MKM, which operates more than 135 branches nationwide, provides materials and expert guidance for trade and DIY projects.
Bilton Way Industrial Estate, located approximately two miles from the M1 motorway, comprises 49 units totalling 420,000 sq ft. The lease was negotiated on behalf of landlord Brightbay Real Estate Partners by Kirkby Diamond, led by senior partner Eamon Kennedy and Paul Quy, head of Milton Keynes agency.
Kennedy commented: “We’re pleased to have secured such a well-respected national brand for Brightbay at Bilton Way. MKM’s commitment to a long-term lease and further investment in the site reflects the enduring strength of the industrial market in Luton and the quality of the estate.”
Mark Pepper, head of Kirkby Diamond’s building consultancy team, added: “The planned reconfiguration will deliver a high-quality, purpose-built facility that meets MKM’s operational needs and enhances the overall specification of the estate. Our team is working closely with both parties to ensure the project adds long-term value.”
Rob Stubbings, estates and acquisition manager at MKM Building Supplies, said: “Bilton Way gives us an excellent base to serve customers in Luton, across Bedfordshire and beyond. The planned improvements will ensure the building is perfectly configured for our operation and future growth.”
