Discount chain to open later this month
National commercial property and investment company LCP has announced that discount chain, Bargain Buys, is to open a new store in Penicuik Shopping Centre later this month.
The store will be the new anchor tenant for the shopping centre, replacing B&M, which closed in January this year. The chain, which is part of the Poundstretcher group, has agreed a 10-year lease, subject to a five-year break, for the 10,900 sq ft unit on ground floor.
Dermit Smith, asset manager for LCP, which manages 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 tenant fit out has already begun on the unit and completion is expected in two weeks’ time.