Wrexham town centre, has announced that Manchester-based estates group MCR Property has acquired the large complex on Henblas Square.
The site, which links with the former TJ Hughes store and runs across Henblas Square, lost its BHS store in August last year, after the national high street chain fell into administration earlier in the summer. The building also housed a Post Office branch, toy store The Entertainer and Evans clothing.
The council’s Housing and Economy Department has worked hard alongside MCR since the firm exchanged on the site to look at possible tenants. Further conversations will be held to discuss the opportunities that this site holds in terms of delivering regeneration in a key part of town.
“…very pleased in show of faith in Wrexham town centre…”
Cllr Terry Evans, Wrexham Council’s Lead Member for Economic Development and Regeneration, welcomed news that the deal on the site had been completed.
“When BHS went into administration, that was obviously very sad news for high streets across the UK.
“Times and trends are changing nationwide, and Wrexham won’t be the only town that has to keep changing with them.
“We’re very pleased that MCR has decided to put their faith in Wrexham town centre, and invest in the heart of the town.”
A spokesman for MCR said:
“The acquisition of Henblas Square is an exciting addition to our ever-expanding retail portfolio.
“As a business, we have a proven track record of re-invigorating distressed assets and working in conjunction with Wrexham Council, we are confident we can provide a mixed-use offering to the area in keeping with the overall Town Centre Masterplan.”
Town Centre Masterplan
In April 2016, Wrexham Council adopted its Town Centre Masterplan – something which shows how the council wants the town to develop in future.
Cllr Evans added:
“The Masterplan made the importance of Henblas Street and Henblas Square very clear, so it’s excellent to see the promise of new development in that part of town.
“We’ve always said that this part of town is crucial, forming the traditional town centre alongside High Street, Charles Street, Regent Street, Hope Street and Chester Street.”