B & M OPENS NEW STORE IN LICHFIELD

The discount homeware store has signed a new ten-year lease on a 25,000 sq ft unit at Imperial Retail Park, on Eastern Avenue, with landlord Hortons’ Estate Limited.

More than 50 jobs have been created by the new store, which opened on 18th July.

The letting to B&M Bargains follows the letting to gym operator PureGym, which opened its latest fitness centre at Imperial Retail Park in April, having agreed a 15-year lease on a 7,000 sq ft unit.

Other occupiers include Lidl and Costa Coffee. Just one 12,000 sq ft unit remains available to let.

Richard Norgrove, property director at Hortons’ Estate, said: “We’re really pleased with the success of Imperial Retail Park since its launch last year, justifying our decision to develop the former manufacturing site into a retail-led scheme.

“With B&M Bargains and PureGym added to the tenant mix, and further occupiers to be announced, we expect the retail park to be fully let very soon.”

Imperial Retail Park was developed by Hortons' Estate following its acquisition of the site from previous owners IMI Norgren.

The park comprises six retail units, totalling 70,000 sq ft, of which 42,000 sq ft was speculatively developed by IMI Norgren.

Four-acres of the ten-acre site, adjacent to Lichfield City FC and fronting Brownsfield Road, has outline planning consent for 68 new homes and will be developed by Orbit Housing.