A deal has officially been agreed for House of Fraser to remain in the historic Darlington Binns building.
Last month, The Northern Echo revealed that the chain had “agreed terms” to remain in the town after the building was purchased by a new owner.
The news came just one month after the firm was set to close for the final time, following the previous landlord’s decision to terminate the chain’s lease.
But now, after weeks of teams “working around the clock” behind the scenes, the bright yellow closing down signs have been stripped from the building.
Parker Barras has today (November 11) confirmed that a deal has officially been agreed for the chain to remain. Details regarding the agreed terms remain unknown, with House of Fraser's parent group Frasers still yet to comment on the news.
As previously reported, the building's new owner met with Darlington Council officers last month to discuss future plans for the building.
Later in the week, John Taylor, director of Parker Barras and agent for the new owner, told The Northern Echo that positive discussions with House of Fraser were happening at pace to finalise the intricate details.
The news came months after Frasers Group announced the store would be closing on High Row in November following the termination of its lease.
Bosses then later revealed the firm had planned to stay put “for the foreseeable future” before the decision was made.
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A store closure date was announced for late November, with closing down signs plastered across the windows of the department store on the same day.
Parker Barras said: "Parker Barras are pleased to announce we have agreed a deal with House of Fraser to remain in the Darlington store and the closing down posters are now been removed!"
The Echo has contacted Frasers Group for more information.
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