A digital-led retailer of furniture and homewares is to create jobs after agreeing a deal for a speculatively built 139,202 sq ft distribution centre in Lichfield.

The Cotswold Company has secured a ten-year lease on Fradley Park's Axis 38 unit in advance of its practical completion this month.

Axis 38 was constructed by GMI and incorporates 8,900 sq ft of fitted offices, a glazed entrance and provision for 33 parking spaces within a secure fenced yard.

The expansion will provide the opportunity for The Cotswold Company to create at least 50 jobs this year across its distribution operations.

Alan Joseph, operations director for The Cotswold Company, said: "Though we have always stayed focussed on making promises we can keep, we have not been immune to the supply chain issues many retailers have faced in the last two years.  

"By expanding our inventory levels, we can ensure we deliver for our customers as quickly as possible. This new state-of-the-art facility provides the perfect platform for our continued expansion, and operating as much of our logistics in-house as possible allows us to maintain the high standards our customers expect."

Avison Young acted on behalf of landlord Evans Property Group.

Richard Bean, portfolio director for Evans Property Group, said: "We are pleased to confirm the letting at Fradley Park to The Cotswold Company. The site is well-established as a first-class location for distribution, and we are proud to be part of its continual development and expansion.

"The speed of the take-up demonstrates the current demand for ready-to-go industrial and warehousing accommodation of this size and caliber within Lichfield."

David Willmer, principle at Avison Young, added: "The Fradley Park development is a well-established market leading property and it's been great to be involved in securing a letting prior to the practical completion of the unit.

"The high level of occupier interest and subsequent deal endorses the commitment by Evans Property Group to continue to build and improve to a high standard this strategically located development."

SBH represented the tenant.