B&M will open a new store and garden centre in uphill Lincoln.
Today, Lincoln-based chartered surveyor Banks Long & Co revealed that it has pre-let two of its new units being built on the Deacon Road Retail Park to B&M Bargains, which will anchor the scheme alongside a new JYSK store.
B&M, which already has a store on Tritton Road, will expand in the city with a new store and garden centre attached.
Banks Long & Co is also expecting to shortly complete pre-letting the remaining 5,000 sq ft unit on the site, to another well-known name.
Work started on the Deacon Road Retail Park about eight weeks ago and is due to be completed in early Spring 2019.
The Deacon Road Retail Park is a joint venture between Castle Square Developments and builder Lindum Construction.
Banks Long & Co Associate Director Lewis Cove said: “We are delighted to report a high level of activity in the retail sector within the Outer Circle Road area of the city.
“The Deacon Road Retail Park is a superb development, which has quickly attracted key retailers and allowed us to pre-let space.
“We are delighted to let people know they include prominent high-profile incoming tenants include B&M Bargains and JYSK.
“B&M is taking 22,000 sq ft of retail space, plus a further 7,500 sq ft area for its garden centre.
“In choosing this location, B&M Bargains was quickly followed by Danish-owned furniture brand JYSK, which is planning to relocate from its current site at St Marks Shopping Centre to its new purpose-built premises in the Spring.”
It is understood that JYSK’s new outlet will be a Concept 3.0 store, complete with room-sets. The 40-year-old company is making its move in the wake of the St Marks Shopping complex announcing £150 million redevelopment plans.
Increased interest in Carlton Centre
There is also a flurry of activity on the nearby Carlton Centre, where Banks Long & Co has leased the former Brantano unit to Shoe Zone. This news follows the recent leasing of Lidl’s former premises at the Centre, to Poundstretcher.
That unit became available – allowing Poundstretcher to increase its floorspace – when Lidl opened its new superstore on Deacon Road. This is adjacent to the planned new B&M Bargains and JYSK outlets.
Shoe Zone, which already has a shop in the city’s High Street, is in expanding and ready to take its name to the Carlton Centre, by moving into the former 4,376 sq ft Brantano unit later this month.
This leaves the former Poundstretcher unit vacant and awaiting a new tenant.