Poundland ups its Scottish presence

Poundland, Europe's largest single price discount retailer, has leased properties in Aberdeen and Rutherglen as part of its continued expansion in Scotland.

Property consultant CB Richard Ellis arranged the leases, worth a combined 220,000 a year, with landlords Orchard Street Investment Management and Cairnduff Developments.

Kevin Sims, retail director for CB Richard Ellis in Scotland, said: "These two acquisitions further strengthen Poundland's presence in Scotland and follow a number of store openings over the last six months."