Letting deal a ‘real shot in the arm’ for Motherwell Shopping Centre

DM Hall has announced it has concluded a letting of an additional 11,300 square feet to B&M Retail in Motherwell.

Acting on behalf of Signal, landlord of Motherwell Shopping Centre, DM Hall said the move increases B&M’s trading footprint at Brandon Parade South to over 30,000 square feet.

B&M, which trades as B&M Bargains, signed a new lease on the former Perfect Home showroom in Motherwell, which adjoins the company’s existing store. The new lease is co-terminus with B&M’s existing lease in 2026.

Gavin Anderson, associate at DM Hall, who brokered the deal, said, “We are delighted to have finally completed this letting, following delays caused by the Covid-19 outbreak last year. B&M’s decision to upsize in Motherwell is a real shot in the arm for the shopping centre at a challenging time for the retail sector generally.

“This deal follows recent lettings by us in Motherwell to Fosters Funeral Directors and Mega Leisure, as well as numerous lease extensions with existing tenants. In addition, there are further new letting deals in the pipeline, which we expect to announce shortly, all of which underlines how well Motherwell Shopping Centre has recovered from lockdown last year.”

DM Hall is joint letting agents for Motherwell Shopping Centre, alongside ESTAMA, which also acts as asset manager for the centre. B&M Retail was represented by Savills.