Poundland is to open a new store in Swiss Cottage, Hampstead.

The budget high street chain is to open in the old Lloyd's Bank building at 143-145 Finchley Road, which was more recently a Starbucks, before sitting vacant.

The brand already has stores in Kilburn High Road and Camden High Street. The Muswell Hill branch closed earlier this year.

Poundland opens in Swiss Cottage on Saturday, November 26. 

READ MORE: Poundland in Muswell Hill closes

According to the company, the 2,000 sq ft store, will create 18 new jobs. 

Smaller than a typical Poundland, the company says it has been designed to offer a tailored range of products for customers who live or work in the area.

It will offer fresh fruit and vegetables, chilled and frozen food, bread and morning goods, hot pies and pastries, beers, wines and spirits, vaping products, household products, health and beauty products, and batteries.

Opening times, which have not yet been published, will be longer than a typical Poundland. 

Poundland director of retail Darren Kay said: “London is a key growth area for us, for our Poundland Local format and our core stores so that we can serve communities with the type of store meets their needs. 

“Whether it’s a neighbourhood store or a larger store serving a bigger area, we want to bring the biggest possible ranges and best value to help people manage their household budgets in the face of rising inflation.”  

Recent London openings include new stores in Whitechapel in October and at Clapham Junction in July. 

Poundland is extending its East Ham High Street store, which will open on Saturday 3 December.

Other recent new store openings include Broadstairs, Kent, Milton Keynes, Buckinghamshire, Speke in Liverpool, Bloxwich, West Midlands, Morecambe, Lancashire,  Inverness, Perth, Aberdeen and Port Glasgow. 

Poundland launched in the Midlands in 1990, and has become a mainstay of high streets across the country.

In 2015 it acquired its main rival, 99p Stores. The Competition and Markets Authority concluded that the £55 million merger would not cause a "substantial lessening of competition". It said there would be no "reduction in choice, value or quality of service", as other riovals remained.

One rival, Poundworld, went into administration in 2018.