UK DIY News
Lidl to Move Into Closing Parc Tawe Homebase Unit
The 36,848 sq ft Homebase store in Swansea's Parc Tawe North retail park is to close on January 16th.
Homebase is understood to have requested a 90% reduction in rent for the site but the owner, Picton, served notice on the company.
Picton negotiated a change to the unit's use to enable the unit to be taken on by Lidl, which currently occupies the 10,000 sq ft building next to Homebase. It is expected to open in Q2 2019 following a refit.
Lidl UK’s regional head of property, Paul Hebblethwaite, said: “We are delighted to be relocating our store in Swansea, which marks another milestone in our ambitious expansion programme.
"I’d like to take this opportunity to thank the local community for their continued support, and very much look forward to opening the doors to our new store in the not too distant future.”
Chief Executive of Picton, Michael Morris, added: "By executing a bold strategy of securing vacant possession, releasing a restrictive covenant and working with one of our existing occupiers, we have been able to secure a high quality anchor for the largest unit on the park on a long lease."
B&M, JD Sports, Pets at Home and Poundstretcher are also present on the site.
Parc Tawe's website has already removed reference to Homebase from its website.
Source : Insight DIY Team
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