M&G Real Estate has signed a lease with TJX UK to bring a 22,000 sq ft HomeSense store to Stanley Green Retail Park in Cheadle Hulme, trading alongside sister company TK Maxx.
HomeSense has secured a ten-year lease to occupy a unit of 12,674 sq ft and will add a mezzanine floor of 9,451 sq ft.
The store is located between Next and Costa.
The deal marks the conclusion of M&G’s extensive refurbishment of the retail park, which started with the development of the Costa unit in 2014 followed by a remodelling of the front elevations on all of the retail units.
M&G Real Estate is also planning a family restaurant development and improvements to the entry and exit points in the retail park, subject to obtaining planning consents.
Will Cotmore, asset manager at M&G Real Estate, said: “The HomeSense and Costa lettings along with the extensive refurbishment of the retail park, has reaffirmed Stanley Green Retail Park’s position as the prime retail park in the catchment. We are working with the local authority and stakeholders to deliver further improvements.”
Wilkinson Williams and Cushman & Wakefield acted for M&G Real Estate. Morgan Williams acted for TJX UK.