In April, Home Bargains will open a new 33,000-square-foot store in west Belfast's Kennedy Centre, employing 120 people.
Home Discounts said it was "delighted" to serve the community and that its investment in the store would enable it to deliver "even more bargains" to west Belfast.
Despite the consequences of the Covid-19 pandemic, the shopping center reported its greatest Christmas ever for 2021.
Over the holiday season, the Kennedy Center had a 24 percent increase in foot traffic compared to the prior record day, with nearly 30,000 people passing through the doors.
In addition to the new Home Bargains store, Peacocks, a bargain fashion brand, has secured a 10-year lease on its 10,000 sq ft location.
Titanic Telecommunications has also secured a five-year lease for a new office, while the popular 26 West Bar and Grill has also inked a new 10-year lease.
"We are approaching the centre's 31st year in business on a high," Kennedy Centre manager John Jones said of the latest results and the year ahead.
“We are delighted with the latest figures, which are testament to the fantastic offerings at the centre, and we are grateful to our loyal customers who have supported us over the years.
“Many of our retailers also reported record sales. During a turbulent time through the pandemic, the end of last year and into the start of 2022 is proving to be a really positive and encouraging time.”
Mr Jones added that there will be some “more big announcements” for the centre over the coming months.
“We have 57 businesses located at the centre and we are looking forward to seeing the offerings expand for our customers,” he stated.