Discount retailer Home Bargains is doubling the size of its flagship Swansea store.
It has agreed to take an additional 10,000 sq ft of space in what was a Poundworld unit, next to its existing store at Phoenix Retail Park in Llansamlet.
Work is now under creating a larger 20,000 sq ft store which is expected to take a month.
Home Bargains has struck the expansion deal with owners of the retail park in development and investment company Barberry Developments.
Martyn Cartwright, director of West Midlands-based Barberry, said: “We are very pleased to announce that Home Bargains has extended its existing store on Phoenix Retail Park to take an additional 10,000 sq ft.
“The company has also restructured its existing lease to provide a new 15-year term on the total of 20,000 sq ft.
"We are carrying out adaptation works to integrate the former Poundworld unit within the new letting. "
Home Bargains has agreed a £200,000 per annum rent with reviews after five and ten years.
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Mr Cartrwight said: “Home Bargains has been a tenant on the retail park since 2011 and the new letting is a further endorsement of this extremely popular retail park. It secures Home Bargains as the anchor tenant for many years to come.
"The conversion works are anticipated to be completed next month and the new store fitted out and open for trade shortly thereafter.”
Home Bargains was represented by Bennett Real Estate Consultancy and Dylan Jones Retail, while Barberry were represented by Fletcher Morgan and Morgan Williams.
Richard Ryan, of Cardiff-based property advisory firm Fletcher Morgan, said: “We are delighted to have secured this letting to Home Bargains on behalf of our client, Barberry.
"The larger store format enables Home Bargains to offer customers their full product range and we anticipate it will improve overall customer footfall, reinforcing Phoenix Retail Park as a successful shopping destination.”
Last year, Happy Home Furnishers took 12,650 sq ft on a new 10-year lease for its new superstore, joining existing occupiers Dreams and Iceland, at the retail park
Barberry also owns the adjacent fully-let Lion Way Retail Park with occupiers such as MFC Sofas, HSL, Poundstretcher, Floors 4 You and Farmfoods.