Login to UKBP
Commercial Property News
B&M Retail plans £48 million commercial property expansion
Business properties may be sought by B&M Retail as it looks to expand its store base following a deal worth £48 million.
Simon and Bobby Arora, the names behind the stores, bought the Opus Homewares chain and now plan on opening more stores around the country under the B&M Bargains trade name.
Over the last two years, the brothers have opened a commercial properties at an average rate of one new store per week.
Managing director Simon Arora said: "This acquisition is strategically important to us and allows us to expand the business into new parts of the UK such as Scotland and Northern Ireland, where we are under-represented."
And he hopes the brand can now gain a greater presence throughout the country's retail parks, with high streets previously targeted as store bases.
Formed in 1976, B&M opened its first outlet in Blackpool but now has more than 190 shops, with a staff base of more than 5,000 employees.
Posted by Tom Baker
Simon and Bobby Arora, the names behind the stores, bought the Opus Homewares chain and now plan on opening more stores around the country under the B&M Bargains trade name.
Over the last two years, the brothers have opened a commercial properties at an average rate of one new store per week.
Managing director Simon Arora said: "This acquisition is strategically important to us and allows us to expand the business into new parts of the UK such as Scotland and Northern Ireland, where we are under-represented."
And he hopes the brand can now gain a greater presence throughout the country's retail parks, with high streets previously targeted as store bases.
Formed in 1976, B&M opened its first outlet in Blackpool but now has more than 190 shops, with a staff base of more than 5,000 employees.
Posted by Tom Baker
Wed, 18th Aug 2010