National fast food restaurant, Subway, is the latest new business to commit to Billingham Town Centre, after agreeing a 10 year lease with St. Modwen, which owns and manages the town centre.
The popular chain will be moving into an 895 sq ft unit on 49 Queensway, with plans to open its doors in summer 2018. In addition, high street favourite Argos has signalled its long-term commitment to the town centre after renewing its lease for another 10 years.
Over the last two years Billingham has welcomed a number of household names, including Aldi and Costa Coffee, as well as continuing to play host to a number of thriving independent retailers and eateries.
Paul Brustad, Senior Asset Manager at St. Modwen, said: “St. Modwen’s development of Billingham Town Centre continues to bring large well-known brands to the Town Centre whilst still giving support to thriving local independent retailers. Creating a comfortable and convenient high street experience for shoppers and the local community remains our priority, and we are confident that, with this latest news, the future of Billingham looks bright.”
Councillor Nigel Cooke, Stockton-On-Tees Borough Council’s Cabinet Member for Regeneration and Transport, said: “It is fantastic to hear that Subway has chosen Billingham Town Centre as the location for a new branch. Billingham is a good place for businesses, as evidenced by the fact existing businesses are committing to long-term lease renewals.”
The deals were secured by joint agents Colliers International and Connect Property North East.