Peel L&P eyes shift to food offer in Stockport
The developer has requested permission from Stockport Council to split a clothing store at the Peel Centre into three units, to diversify the retail park’s offer amid market changes.
The Peel Centre is a 330,000 sq ft retail complex off Great Portwood Street in Stockport.
Peel L&P wants to break up an 18,000 sq ft store, currently occupied by fashion retailer H&M, into three individual units and is seeking flexibility on the types of goods to be sold, including food.
H&M’s lease on the unit, formerly operated by Borders and located between Boots and Hobby Craft, expires this month.
“Flexibility is required to attract new occupiers if H&M vacate the unit,” Peel said in a planning statement.
Under the plans, Peel would split up the existing unit to create three smaller units of 3,000 sq ft, 5,000 sq ft and 10,000 sq ft respectively.
Subject to approval, work to split the units would be completed by the end of this year, according to the statement.
Stockport Council has recommended the plans for approval by its planning committee, which meets on Thursday.
Cushman & Wakefield, Savills and Reid Rose Gregory are the agents for Stockport Retail Park.
Other occupiers at the park include Home Bargains, Matalan, Next and Wilko.