New indoor shopping centre planned for former Walsall BHS store
Walsall's former BHS store will become an indoor shopping centre, under new plans revealed today.
Real Estate Investors, the Birmingham-based property investment company, has signed a deal to let the site in Park Street to Retail Multiples (Walsall) .
It had been vacant since the demise of BHS in August 2016.
The 35,000 sq ft store will be transformed over the coming months.
Retail Multiples has signed a new lease from this month for 20 years and plans to convert the unit into an indoor shopping centre with approximately 35 tenants.
On the busy shopping parade of Park Street, Retail Multiples (Walsall) will join neighbouring occupiers including Superdrug, Waterstones and Foot Asylum.
Jack Sears, asset manager at REI, said: “This is great news for Walsall shoppers and is bound to create significant footfall for Park Street.
"It’s also great news for REI as the property had been vacant for some time and we are pleased to have signed up Retail Multiples (Walsall)."
Many of the West Midlands' BHS store remain empty after the high street chain collapsed more than two years ago.
But plans are in the pipeline for two new shops to be created at one of the old premises in Wolverhampton.
The owners of Wolverhampton's Mander Centre swooped in to buy the ex-BHS store in Dudley Street last year after it went up for auction for £500,000.
BE Wolverhampton BV were behind plans, which have now have been approved by the city council, into two separate shops.
It is not yet known which businesses will be moving in.
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