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Bracknell Regeneration Partnership secures pre-let to M&S

wantspacegotspace.co.uk - Bracknell Regeneration Partnership secures pre-let to M&SThe Bracknell Regeneration Partnership (BRP), a 50:50 Joint Venture between Legal & General Property and Schroders, has signed a pre-let to Marks & Spencer for an 80,000 sq ft store on a key site in the north of Bracknell's town centre on a 25 year lease.

The proposed store will be arranged over two levels and will offer the full spectrum of the M&S range, including menswear, womenswear, homeware and a Food hall. Acting as a major anchor to the northern part of the town centre, the letting follows closely after the announcement that Cineworld has agreed to take a 12-screen, 41,500 sq ft cinema on a nearby site, also on a 25 year lease.

It is intended for the new M&S store to be located next to the new Waitrose store, which was completed in the first phase of the Bracknell regeneration project in 2011. This location is immediately adjacent to Millennium Way, a major double-carriageway road which offers unrivalled access and convenience for customers.

Clem Constantine, Property Director for Marks & Spencer, said: "We are delighted to be involved with this development in order to give our customers in Bracknell a full range of fashion, homeware and quality food. The BRP's vision for the Town Centre is exciting and we are delighted to have been selected as the anchor tenant."

Simon Russian, Head of Retail Development at Legal & General Property, commented: "We are confident that the successful signing of Marks & Spencer will further kick-start the regeneration of Bracknell Town Centre. Marks & Spencer is synonymous with quality and, together with the already opened Waitrose store, builds upon our vision to create a high

quality anchor line-up to compliment the shopping catchment of Bracknell."

"The proposed M&S store will provide a significant boost to Bracknell's economy and is in-line with the type of high quality retailers we are looking to attract to Bracknell."

CBRE and Lunson Mitchenall advised BRP on the letting and CBRE acted for M&S

Posted by The Editor (wantspacegotspace) on 30th October 2012

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