Key talks for Middleton Grange over BHS
Chiefs at Middleton Grange Shopping Centre, in Hartlepool, are weighing up the “impact” on its operations after retail chain BHS entered into a company-voluntary arrangement, as it battles to restructure its ailing finances.
The BHS branch in the shopping centre is one of 40 facing the axe unless rent levels can be reduced.
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Hide AdThe store could keep its doors open if a deal to slash rent payments by 25% can be agreed.
Now, LaSalle Investment Management, which operates Middleton Grange Shopping Centre, say they are searching for a “long-term solution” for all parties.
A spokesperson for LaSalle Investment Management said: “Following the BHS CVA announcement we are in conversation with BHS to determine the impact on our operations.
“We are working through the different scenarios to achieve a long-term solution for all involved.”