Investor Hurstwood Holdings has let the former New Look store on Hope Street to the Government department, which plans to convert the unit into a ‘Covid job centre’ after signing a five-year lease.
The job centre has been set up specifically to respond to increasing levels of unemployment as a result of the pandemic. Once open, it is predicted that the facility could help around 750 people a day.
Fashion retailer New Look vacated the 34,400 sq ft Wrexham unit in January, paving the way for the arrival of the Department for Work and Pensions.
The DWP is to pay £4.65/ sq ft for the unit, which Hurstwood acquired three years ago. Instant Group will run the centre for the DWP.
Stephen Ashworth, chairman and chief executive of Hurstwood Holdings, said: “Job security plays a crucial role in responding to the economic consequences of the Covid-19 pandemic.
“We are really pleased that we have managed to turn this challenging situation into such a positive one.”
Last month, New Look returned to Wrexham’s high street, opening within the town’s former Peacocks unit.
Based in Manchester, Hurstwood is a commercial investment group with more than £180m of commercial and residential assets across the UK.