The retailer quit Preston after falling into administration but has now been reopened by Lewis’s Home Retail as its 19th TJ Hughes store as the chain has begun expanding again. The GCW deal sees TJ Hughes take a 10 year lease on the 32,500 sq ft store at a rent of £170,000 pa or, if higher, a turnover rent.
“The move is a vote of confidence in the city centre as a shopping destination. The store has had an immediate impact on footfall and is important for the centre as it fronts onto the city’s biggest and most used car park” says GCW director David Gooch.
GCW acts as letting agent at the Fishergate Centre and as part of owner Benson Elliot’s leasing and development team.