Lakeside, owned by property company SGS, is pleased to announce that M&S has signed to open a new store at the centre, due to launch in Spring 2023.
Lakeside’s existing M&S store will move from its current location to the new unit, covering 98,000 sq ft of net selling space. The store will offer customers a wide range of M&S products across its new Foodhall and Clothing & Home departments.
The relocation will increase the visibility of M&S in the centre, as well as from the surrounding road network. It will see the creation of a new, enlarged portal entrance from an upgraded car park, granting direct and improved access to the M&S Foodhall, as part of a £20 million investment by Lakeside.
The move comes as M&S continues its store estate transformation, investing to make sure they have the right stores in the right locations to offer customers a brilliant shopping experience.
The centre sees millions of shopper visits per year and is home to over 250 shops in total, with leading brands such as Zara and H&M also holding space.
The unit which M&S vacates also presents a new mixed use development opportunity, ideally situated between the mall and food & beverage boardwalk, fronting the lake and adjacent to the centre’s award-winning leisure extension, which opened in 2019.
Steve Gray, Head of European Retail Asset Management at Global Mutual, comments:
“We are incredibly excited that M&S has decided to further invest in its offer at Lakeside. The retailer is a long-standing tenant and partner, and a brand much loved by our visitors – with a loyal following.
“The new store will significantly increase M&S’ prominence within the centre, as well as accessibility – together acting as key footfall drivers.
“In a fast-changing retail landscape, brands are investing to optimise and drive maximum value from their physical offer. M&S’ move reflects this and is indicative of wider demand for prime space like ours here at Lakeside.
“M&S’ former unit will present another compelling opportunity, surrounded by a host of great brands and in close proximity to the centre’s leisure offer.”
Nick Pucci, Regional Manager at M&S, said:
“We are really excited to be relocating to a new store at Lakeside. Whether you’re looking for style inspiration in our Clothing & Home departments or great value, trusted quality M&S produce and family meal options in our new Foodhall, you’ll be able to choose from the very best of M&S in our refreshed new store.”