TJ Hughes to replace BHS at Wellgate shopping centre
The Liverpool-based discount department store which has been in existence since 1925 has agreed to a new 15-year lease on a 53,888 sq ft retail unit, located at the main entrance to the centre. The flagship letting comes quickly on the back of agreeing a new lease with the discount gym operator, Xercise4Less, which has taken 31,000 sq ft on the second floor on a 12 year lease. It is anticipated Exercise 4 Less will be open for trade by the end of July 2018 and TJ Hughes by October.
Other retailers at Wellgate include B&M, Holland & Barrett, Home Bargains, New Look, The Entertainer and Subway.
Stuart Moncur, head of national retail at letting agent Savills said: “Our strategy has been to secure new anchor occupiers, and with the arrival of both Xercise4Less and TJ Hughes, we certainly believe the Wellgate is on the up. We are excited about the prospects for Wellgate going forward and expect to have further new lettings to announce later in the year”.
TJ Hughes was advised by Tienda Property whilst CBRE advised Xercise4Less.