Poundland opens milestone store in city centre

Poundland opens milestone store in city centre

Poundland opens 500th store in Birmingham city centre opposite House of Fraser on Corporation Street.

Real estate company Cushman & Wakefield arranged the 10-year lease between Willenhall based Poundland and the landlord, Deloitte. The store has a 7,000 sq ft ground floor sales area, at an annual rental of £355,000 per annum.

The store was formerly occupied by Gap, now based at the Bullring, which Cushman &
Wakefield retail partner Rob Alston said was evidence that Corporation Street is no longer
a fashion location.

He said: “In the days when House of Fraser was known as Rackhams, this was a key location for the fashion outlets, but this began to change when the Bullring was opened a few years ago.

“We have since seen many fashion chains open outlets there, leaving units in Corporation Street and elsewhere available for other more convenience-type retailers.”