Retail Property - BrightHouse to expand portfolio with 20 stores

BrightHouse, the electricals retailer that recently changed its name from Crazy George's, aims to expand its retail branch network by an additional 20 stores this year.

The company opened in April 1994 and trades from more than 100 stores across England, Scotland and Wales.

Brighthouse is the trading name of Caversham Finance, which, as a subsidiary of the Thorn group, was taken private in 1998 by Nomura's Principal Finance Group. The owners have since outsourced the property function to Smith Price, and the agent plans to open six stores before Easter, with the rest later in the year.

Smith Price partner John Mortimer said: 'BrightHouse has now become firmly established, and is an excellent addition to any shopping centre or high street property.'