Bargain Buys to replace B&M at Penicuik Shopping Centre
Bargain Buys, the leading discount retailer, is to open a new store in Penicuik, Midlothian, it has been confirmed. The store is part of the Poundstretcher group, which has more than 400 stores across the UK. It is to open in the 16,350-sq ft unit vacated by B&M earlier this year after agreeing a minimum five-year lease with owner Evolve Estates, part of the LCP Group.
Penicuik shopping centre comprises 18 retail stores, to be anchored by Bargain Buys and Farmfoods. Other occupiers include Greggs, Lloyds TSB, Domino’s, Cancer Research and William Hill.
Evolve director Joe O’Keefe said it had committed around £300,000 of investment works to the unit and incentives to secure the retailer, which could be open as early as this summer. In addition to investing in improvements for Bargain Buys to open, Evolve Estates has also pledged a further £1.5m in Penicuik towards other developments subject to planning permissions being granted by the local authority.