B&M has opened a 30,000 sq ft store on Edge Lane in Liverpool after signing an eight-year lease with Derwent Group on the former MFI unit.
Derwent, controlled by Kwik Save tycoon Albert Gubay, said the store reflected a fresh and modern retail design style applied across many of its retail parks. The scheme was designed by AEW Architects.
Demolition works have taken place in the surrounding area to significantly increase the availability of parking which now stands at 206 spaces. B&M shares the site with a well-established Halfords store. This letting and refurbishment works form part of the first stage of the redevelopment of Derwent’s Edge Lane retail park estate and enhances the frontage and appearance along the main arterial route of Edge Lane into Liverpool city centre, contributing to the wider regeneration of this area of the city.
Derwent has consent for a major retail and leisure scheme on the other side of Edge Lane and is “actively engaging with the key retail tenants with support from the council.” The scheme has been planned for many years but not delivered to date.
James Maule-Ffinch, senior asset manager at Derwent, said: “B&M’s opening is great news for Edge Lane and for the surrounding area and we’re confident that this will kick-start our wider retail development plans there.”
Agents for the Edge Lane retail park estate are McMullen Wilson and Petch & Co.