Feb 21 2011
Metric has completed the acquisition of a standalone Bhs store and its surrounding site in Kirkstall, Leeds for £12 million. Metric plans to redevelop the 7.2 acre site, which already has outline Open A1 planning consent for 85,000 sq ft of retail accommodation. Bhs will continue to occupy the existing store until commencement of the redevelopment. Both Bhs and Arcadia (trading as Outfit) have exchanged contracts to take new units upon completion of the redevelopment. Metric will use its existing cash resources to finance the purchase.
The full announcement can be found in the attached file.
Download