UK Store News
Home Bargains and Lidl Lease Former Homebase Store in Bedford
TJ Morris, the owner of discounter Home Bargains, has agreed to lease part of a former Homebase store in Bedford.
Home Bargains will occupy the 14,500sq ft store on St John's Retail Park site on a 15-year term, at a cost of £190k per year.
The retailer will join fellow discounter, Lidl, which has already signed up to take on the other 21,630 sq ft of the former Homebase store on a 15-year lease, at £335k per annum.
The Home Bargains letting is subject to planning consent as well as the completion of unit refurbishment and car park improvements by the site owner - Schroeder Real Estate Investment Trust - which is expected to cost in the region of £3.7m.
Source : Insight DIY Team
Image : Home Bargains, Chester
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