TK Maxx will be remaining at Broad Street Mall after committing to a new 10-year lease.

Moorgarth Group, the asset manager of Reading's Broad Street Mall, has completed a deal to keep one of the major retailers at the centre.

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It has announced that TK Maxx has committed its long-term future by signing a new 10-year lease on its existing store configuration.

The fashion and lifestyle retailer, which has more than 500 stores across Europe, offers designer clothing brands at a discounted rate as well as home goods, apparels, shoes and beauty accessories.

Moorgarth Group’s managing director Gary Lewis commented: “We are delighted that TK Maxx has joined a number of other key retailers in committing their long-term future to the centre. It is a very exciting time for Broad Street Mall and demonstrates that our strategy of modernisation and diversification is attracting considerable attention.”

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Several big name retailers have signed new leases at the centre in the past 15 months.

Iceland relocated from Weldale Street in the town centre in October 2018 and signed a 10-year lease on a new 9,000 sq ft store.

Meanwhile, the former Argos store has been reconfigured and will incorporate a new boutique cinema with strong interest for the remaining space from a host of additional operators.