The national commercial property and investment company LCP has announced that the leading UK discount retailer Bargain Buys, is set to open a new store in Penicuik Shopping Centre, Edinburgh later this month.
Following on from their recent store expansion in Swansea, the store will become the new anchor tenant for the shopping centre.
Dermit Smith, Asset Manager for LCP – who manage the centre on behalf of sister company Evolve Estates Ltd – said: “We are delighted to have attracted such a big high street name as Bargain Buys to Penicuik, providing local shoppers with even more choice on their doorstep.”
The Bargain Buys chain is part of the Poundstretcher group, and have agreed to a 10-year lease, subject to a five-year break, for the 10,900 sq ft unit.
The chain store has already begun work on the unit with completion expected in two week’s time.
Joe O’Keefe, Director of Evolve Estates, added: “We believe this important anchor letting will immediately help our current tenants’ footfall whilst also acting as a catalyst to attract not only new local and national retailers but also and just as importantly local shoppers from in and around the community it serves.”
Penicuik Shopping Centre is 10 miles south of Edinburgh city centre in the commercial heart of the town. Other local tenants include Farmfoods, Greggs, Cancer Research, TSB Bank and Rowlands Pharmacy.