StockMarketWire.com - Lok'nStore has acquired a freehold site for a new landmark store in Bournemouth.

The three-acre site is in a highly prominent location on Castle Lane, adjacent to a major food retailer and Bournemouth Hospital.

Building work will follow completion of all relevant planning matters, and the circa £8 million of net capital expenditure will be funded from cash flow and existing banking facilities.

Opening is scheduled for 2019.

When developed, this store will add around 80,000 sq. ft., which is 6.7% of currently owned stores trading space.

At 8:21am: [LON:LOK] Lokn Store Group PLC share price was 0p at 375p



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