Marks and Spencer to open new store at Lakeside

Lakeside Shopping Centre has announced that Marks & Spencer has signed an agreement 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, clothing, beauty and homeware 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.

Situated in Essex, Lakeside Shopping Centre covers over 1.6 million sq ft, featuring over 250 shops including Zara and H&M.

Steve Gray, Head of European Retail Asset Management at Global Mutual, commented: “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, added: “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.”