Friday, August 15, 2014

News: Home Bargains finds another home in Rotherham


The third unit at a new retail development at Parkgate in Rotherham is under offer to Home Bargains.

Details of the first phase of retail development on the site of a former car showroom on Great Eastern Way have recently been approved.

Land owners, Ron Hull, the Rotherham recycling experts, teamed up with Leeds-based developers, Gregory Projects to secure outline approval for a 16,000 sq ft discount food store together with 30,000 sq ft of additional retail and leisure facilities along with 200 car parking spaces.

The latest application seeks to develop approximately two thirds of the site. Aldi is taking the largest unit at 16,544 sq ft and Iceland taking the adjacent 7,000 sq ft unit. The third unit, of 15,000 sq ft is now under offer to Home Bargains.

TJ Morris, the Merseyside company that operates Home Bargains, has grown organically over the last 30 years to become one of the biggest privately owned companies in the UK. Opening approximately 50 stores a year, Home Bargains is bucking current trends in the industry. In 2013, turnover rose to £1.05 billion with profits of £111m.

The business operates on one key principle: to sell branded goods at the lowest prices possible. Carrying a wide range of high street brands – from health and beauty products to household goods, food and toys - it opened its first Rotherham store in 2012, taking on the former Internacionale store in the town centre. The latest store will join 350 outlets across the UK.

Developers anticipate to start on site in Autumn 2014 with completion in Spring 2015. GVA is agent for the scheme.

At the current Foundry Retail Park over the road, Scandinavian home furnishing retailer, JYSK is taking over a 6,000 sq ft unit and has set a date for opening of October 23.

Home Bargains website

Images: Home Bargains


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