B&M has signed a five-year lease at Praxis’ Crossgates Shopping Centre in Leeds following a refit of the 30,000 sq ft former Wilko store.
The FTSE 250-listed retailer will pay a rent of £100,000 per annum.
The latest deal completes the lease up of all seven former Wilko stores across the Praxis portfolio, including children’s leisure operator Fun Shack moving into the former Wilko store in Middlesbrough and Barnsley Hospital moving some of its outpatient services to the former Wilko store in Alhambra Shopping Centre.
Ian Shorrock, head of retail at Praxis, said: “Our successful track record of curating best-in-class retail destinations, securing a robust tenant roster and enhancing the operational performance of shopping centres has seen Praxis’ portfolio perform strongly across all market cycles.
“Our vertically integrated platform, which manages all operational functions across every individual asset, is positioned to deliver value to all stakeholders, which ultimately creates socially and commercially successful town centres.”
Photo © Maureen McLean/Shutterstock
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