Pictured above: Wheeler Gate, Nottingham city centre

Nottingham city centre has received a massive boost with the news that HMV, one of the world's most well-known and respected music and DVD retail brands, has taken a long term lease on the former store of stricken music chain, Zavvi.

Acting on behalf of the landlord, Pearl Group Ltd, national commercial property consultancy, Lambert Smith Hampton (LSH) has agreed a new 10-year lease at 6-10 Wheeler Gate in Nottingham city centre.

The property became available in December 2008 after the economic downturn led to a slump in sales and Zavvi was eventually forced into administration.

The 25,000 sq ft store is HMV's third location in Nottingham city centre and is one of several other former Zavvi units acquired across the UK.

Jamie Mount at Pearl Group also welcomed HMV's arrival, he added: "This is not only a fantastic result for the landlord but also for Nottingham City Centre at a time of turbulence in the UK retail sector.

"We are also delighted at LSH's success in agreeing terms with HMV so swiftly after Zavvi's departure."

Roger Smalley, Associate Director in LSH's Nottingham office, said: "HMV's acquisition of this store represents a landmark letting for Wheeler Gate and is a clear indicator of the robust nature of Nottingham's retail market.

"The successful letting of this store will also act as a stimulus for Wheeler Gate as well as safeguarding jobs for the former Zavvi employees."

LSH are retained by the landlord on the agency and professional work for the nine-storey offices above the retail units.