Ellandi secures first deal for Bootle scheme
Posted by Property Week on 21st Jul 2015
The retailer will open its new 30,000 sq ft store by knocking together its former store and another small mall, which comprises 21 vacant units.
The Liverpool discount retailer plans to open by mid-October creating 50 new jobs as a result of an investment of nearly £3m.
Ellandi has also completed regears with retailers Iceland & JD Sports, securing their ongoing occupation within the 357,000 sq ft scheme, as well as new lettings to Select and Shoe Zone, and a renewal to Perfect Homes.
Ellandi also plans to refurbish the toilets, revitalise entrances and carry out a rebrand along with setting in signage.
Richard Hutchinson, asset manager at Ellandi, said: “As a result of the TJ Hughes letting and others, we have already reduced vacancy rate by 23.5%. The works we have planned will further enhance the shopping experience and give the local community a town centre to be proud of.”
Margaret Carney, Sefton Council’s chief executive, said: “The return of TJ Hughes to The Strand is excellent news for the centre and the south of the borough.
“To see a recognised national retailer return to The Strand is very encouraging and will only benefit the local economy in the years to come.”