Marks and Spencer to open new store at Lakeside, Essex – Retail Focus

Lakeside, owned by house company SGS, is delighted to announce that M&S has signed to open up a new keep at the centre, thanks to start in Spring 2023.

Lakeside’s present M&S retail store will transfer from its present spot to the new unit, covering 98,000 sq ft of internet selling house. The retailer will offer you consumers a wide array of M&S products and solutions throughout its new Foodhall and Clothes & Residence departments.

The relocation will increase the visibility of M&S in the centre, as very well as from the encompassing highway network. It will see the creation of a new, enlarged portal entrance from an upgraded auto park, granting direct and improved entry to the M&S Foodhall, as component of a £20 million financial commitment by Lakeside.

The transfer arrives as M&S proceeds its store estate transformation, investing to make positive they have the ideal outlets in the appropriate spots to give prospects a amazing searching experience.

The centre sees tens of millions of shopper visits for every year and is residence to about 250 retailers in full, with major makes these as Zara and H&M also keeping area.

The unit which M&S vacates also offers a new mixed use growth possibility, ideally situated in between the mall and food stuff & beverage boardwalk, fronting the lake and adjacent to the centre’s award-successful leisure extension, which opened in 2019.

Steve Grey, Head of European Retail Asset Management at Worldwide Mutual, responses:

“We are very energized that M&S has decided to even further invest in its give at Lakeside. The retailer is a extended-standing tenant and husband or wife, and a model much cherished by our guests – with a loyal adhering to.  

“The new store will considerably boost M&S’ prominence within the centre, as perfectly as accessibility – together performing as crucial footfall drivers.  

“In a speedy-switching retail landscape, brand names are investing to optimise and push optimum price from their actual physical supply. M&S’ shift demonstrates this and is indicative of wider desire for primary room like ours here at Lakeside.

“M&S’ former unit will existing one more powerful option, surrounded by a host of wonderful brand names and in shut proximity to the centre’s leisure provide.”

Nick Pucci, Regional Supervisor at M&S, mentioned:

“We are actually energized to be relocating to a new retail outlet at Lakeside. Irrespective of whether you’re looking for style inspiration in our Apparel & Residence departments or good worth, dependable quality M&S generate and household food possibilities in our new Foodhall, you are going to be in a position to pick from the quite ideal of M&S in our refreshed new retail store.”