Woolworths demise allows Home Bargains move
TOWN Centre Securities, advised by Savills, has let one of the anchor stores at The Merrion Centre in Leeds to Home Bargains.
The established value retailer has taken a 15-year lease on the previous Woolworths store at the scheme and will open prior to Easter.
Home Bargains will pay an annual rent of £231,250 on the unit, which is arranged over two floors and totals 15,158 sq ft.
Helen Beckett, of Leeds-based Town Centre Securities, said: “There was good demand for this unit. Home Bargains is a strong and popular brand that will
enhance our existing tenant mix at The Merrion Centre. In addition, it will add a point of difference for customers and, as such, will certainly help to drive The Merrion Centre footfall upwards.”
In addition to Home Bargains, a number of other new retailers have also recently taken space at The Merrion Centre in the last two months including
Hair@Pro-Style, Nail Queen, Epic Myth UK and WOW Hair and Beauty.
Steve Henderson, associate director at Savills, said: “The Merrion Centre has appealed to a wide range of retailers from local and regional to large national chains and it is this combination that has contributed to making the scheme a key retail destination in the city.”
Home Bargains was represented by bennett and has moved into a premises closed by Woolworths following its recent administration.
