Harris Lamb secures Poundstretcher as final tenant on Shrewsbury retail park

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Harris Lamb has let  20,000sq ft of retail space in Shrewsbury to discount retail chain Poundstretcher.

The consultancy’s retail team was instructed by Morris Property, landlord of Arrow Point retail park on Brixton Way to market two remaining units on the popular site to a suitable retailer, and Poundstretcher opted to take on the two.

David Walton, head of retail, said “This was an ideal opportunity for a retailer to secure a presence within the Harlescott Rrgeneration area of the town.

With a prominent location, the site already benefits from an established retail presence, with a range of reputable neighbours including Tesco, B&Q, Matalan, Brantano, B&M Stores and Iceland.

“The retail park itself is home to Tile Choice, Shropshire Carpets, Turners Furniture and Charlie’s Store, so this was a perfect opportunity for Poundstretcher, which has is seeking to increase its presence across the UK, to forge a niche within the region.

Further to signing the lease, a refit of units H and J at the site is now underway with a view to the store opening in October.

Walton added: “We’re delighted to have secured a well-known brand to take on the last available space at Arrow Point. The neighbouring businesses and the reputation as a prime location for traders made it an attractive proposition for the business, and Poundstretcher was keen to maximise that opportunity.”