M&S inks 100,000 sq ft Liverpool One relocation
The retailer will open its new store within the remaining vacant space in the former Debenhams in the middle of next year.
Relocating from Church Street, M&S will open alongside leisure offering Gravity, which will occupy the other half of the South John Street building at Grosvenor’s Liverpool One.
M&S’s Liverpool One investment is part of the retailer’s national store rotation programme, which aims to create an M&S store estate fit for the future, with high quality, high productivity space across the UK.
The store, spread across the ground and first floors of the building, will feature a food hall as well as clothing and home departments.
Metis Real Estate Advisors and CBRE acted for Liverpool ONE. Savills represented M&S.
“The signing of M&S at Liverpool One is a great reflection of Grosvenor’s strategy of marrying the needs and wants of consumers to those of leading brands,” said Alison Clegg, managing director of asset management at Grosvenor.
“M&S is seeking modern space that allows it to deliver an enhanced experience for consumers, who themselves are searching for ever-greater choice and value.”
Pete Dobson, regional manager at M&S, added: “We’re really excited to announce the relocation of our M&S store into the heart of the city in Liverpool One.
“The new store will offer the very best of M&S in a prime location in the city centre.”
Earlier this year, Gravity Active Entertainment signed a 15-year lease on half of the former department store.