Deal secured for former BHS store

The 35,000 sq ft former BHS store in Walsall which has been vacant since the retailer’s collapse in 2016 has been let.

Real Estate Investors, the Birmingham-based property investment company, has signed a deal with Retail Multiples (Walsall), which has signed a lease for 20 years.

It plans to convert the unit into an indoor shopping centre with around 35 tenants.

On the shopping parade on Park Street, Retail Multiples (Walsall) join neighbouring occupiers including Superdrug, Waterstones and Foot Asylum.

Jack Sears, asset manager at REI, said: “This is great news for Walsall shoppers and is bound to create significant footfall for Park Street. It’s also great news for REI as the property had been vacant for some time and we are pleased to have signed up Retail Multiples (Walsall).”

Donna Barnes of law firm Shakespeare Martineau acted for REI and Retail Multiples (Walsall) were advised by Alun Price at Morgan La Roche.