Retailer owned by former Dragons Den star coming to town

Theo Paphitis
Theo Paphitis

A home, garden and kitchenware store, owned by former Dragons Den star Theo Paphitis is moving to a new building at a business park in Hemel Hempstead.

Robert Dyas is relocating its warehouse and distribution facility plus the base for its online deliveries to new premises at the Maylands Business Park, which is expected to create around 50 new jobs.

The store is transferring from a facility in Enfield to the new building in order to drive improvements in efficiency.

The transformation will see its sister company, Ryman, use the facility for deliveries to its London stores.

A ten year lease has been agreed on the unit by Lambert Smith Hampton which comprises 188,000 square feet.

Claire Madden, director of industrial and logistics at Lambert Smith Hampton said: “With close proximity to the M1 and M25, Hemel Hempstead is the ideal location for Robert Dyas and Ryman to base their logistics hub.

Yasin Sadiq from AXA Real Estate said: “Lambert Smith Hampton assembled a team to advise AXA on the re-letting of Hemel Portal, a key asset and significant void within the fund.

“They demonstrated a clear understanding of our requirements and their market intelligence enabled them to proactively identify key requirements.

“This led to an early re-letting on excellent terms before the refurbishment was even complete.”