Place North West | Home Bargains opens £4m East Lancs outlet placenorthwest.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from placenorthwest.co.uk Daily Mail and Mail on Sunday newspapers.
Julia Hatmaker
The 32,000 sq ft store at the Peel Centre in Hyndburn joins the national discount retailer’s 500-plus outlet empire. Home Bargains shows no signs of slowing down, adding approximately 50 stores a year.
Officially opening at 8am on 15 May, the national discount store will create 97 new jobs in the area. One of the company’s bigger stores, it will also boast a cafe and bakery.
Home Bargains will also be one of the largest tenants at the Peel Centre, which is located just east of Blackburn on Whitebirk Drive in Hyndburn. It takes over a long-empty space that once held an MFI store. Other tenants at the Peel Centre include B&M, PC World and Currys. Leasing agents for the centre are Savills and Curson Sowerby Partners. Home Bargains’ acquisition agent is Bennett Real Estate Consultancy in Liverpool.
8 Jan 2021, 12:11
The fund manager sold the 80,000 sq ft New Hall Hey Retail Park off Swanney Lodge Road in Rawtenstall to local investor LSC Property Holdings for an undisclosed sum.
LSC Property is an investment vehicle set up by Shaun Morley and Adam Turner who are also directors of development finance firm LSC Finance.
The New Hall Hey acquisition is the company’s first commercial sector buy, as it previously focussed on residential properties.
Turner said: “This acquisition is an exciting step for the new arm of our business. After building a significant residential portfolio we have been looking to expand and venture into commercial property investment.