London & Cambridge Properties (LCP): B&M Stores opens new store at Astle Retail Park, West Bromwich

LONDON, 2016-Jul-04 — /EPR Retail News/ — Retail giant B&M Stores has opened a new store in the Black Country after it agreed to move to Astle Retail Park, West Bromwich.

The rapidly growing variety retailer has signed a 10-year lease for the 16,835 sq ft unit at the retail park, which is owned and managed by Pensnett-based commercial property company London & Cambridge Properties (LCP).

The store has now opened, providing 30 jobs to local people.

Andrew Barrett, asset manager at LCP, said: “B&M is a great addition to Astle Retail Park, which is already known for its range of leading outlet stores that offer shoppers superb discounts.

“It’s an extremely popular retail park, so attracting another big name is a real coup – not just for us but for those who shop and work in West Bromwich.”

Astle Retail Park, which is just off the High Street, comprises 16 stores, including a Marks & Spencer outlet, Gap outlet, Pavers Shoes, Nike outlet, and Mecca Bingo and Pure Gym. Just one retail space of 2,870 sq ft is available. LCP bought the centre in February 2016 as part of its ongoing acquisition plans.

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Source: London & Cambridge Properties