The Range secures former Cwmbran Wilko store
The Range has agreed to join Cwmbran Shopping Centre, taking residency in the former Wilko store.
Taking 30,620 sq ft of retail space, the homeware and garden retailer has signed a 15-year lease at the South Wales destination.
The retailer expects to open the store within the coming months.
LCP, part of M Core, owns and manages the shopping centre. It has recently secured a number of new deals with occupiers, including the recently opened Coffee#1 and Dunelm, which is set to launch at the end of the month.
Alex Williams, asset manager at LCP, said: “The Range consistently tops the list of desired new entrants to the town when we carry out customer feedback. We are delighted to be able to deliver on this desire and look forward to welcoming another household name to the town centre.
“The swiftness with which we’ve been able to secure reoccupation of the former Wilko space – with The Range being just one of numerous interested parties – is a testament to the continued high level of demand for retail premises in Cwmbran. It’s been a pleasure to work with the team at The Range to ensure that the transaction proceeded efficiently to enable opening prior to the busy Christmas period.”
M Core said it has invested over £160m during the last 12 months in 25 retail centres. Its major acquisitions include M Park Alexandra in Lincolnshire, Weavers Wharf in Kidderminster and M Park Ocean Plaza and Central 12 in Southport.
The group said it has £300 million available to invest in assets ranging from £500,000 to £30m, and portfolios up to £150m.