Value retailer takes Clayton Square unit

Land Securities has signed value retailer Discount UK to Clayton Square Shopping Centre in Liverpool on a ten-year lease.

Discount UK will be located in a 10,000 sq ft unit on Great Charlotte Street on the upper level of the mall.

James Larmuth, Land Securities' portfolio manager, said: "The tough economic climate has led to huge consumer demand for value. We have worked hard to ensure that our retailers represent the needs of our customers and we strongly believe that Discount UK brings affordability and choice to Clayton Square shoppers."

Owned by Poundworld, Discount UK sells products priced between 28p and £25. The announcement marks the first time Discount UK has opened a store in Liverpool and it follows the company's pledge in August to create 1,800 jobs through new store openings.