Sep 1, 2024, 9:50 PM
Sep 1, 2024, 9:50 PM

M&S seeks approval to revamp flagship store amid government review

Highlights
  • Marks & Spencer plans to demolish its flagship Oxford Street store and replace it with a ten-storey retail and office block.
  • The previous government's decision to block the plans was overturned after a legal challenge.
  • Approval from Angela Rayner is seen as crucial for demonstrating support for sustainable growth in the planning system.
Story

Marks & Spencer is seeking approval from Deputy Prime Minister Angela Rayner to proceed with plans to demolish its flagship store on Oxford Street, a project that was previously blocked by the former government. This decision was overturned following a legal challenge, allowing M&S to move forward with its proposal. The company aims to replace the existing 1929 art deco building with a larger ten-storey retail and office complex, which they believe will enhance the area and support sustainable growth. Sacha Berendji, the operations director at M&S, emphasized that securing this investment would demonstrate a commitment to a planning system that fosters economic development. The proposed redevelopment is seen as a significant step towards revitalizing the retail landscape in London, particularly in a prominent location like Marble Arch. However, the plans have faced opposition from several architects, including well-known TV presenter Kevin McCloud, who have raised concerns about the impact of demolishing the historic building. Critics argue that the project may not align with the preservation of architectural heritage and could detract from the character of the area. As the review process unfolds, the outcome will not only affect M&S's future but also set a precedent for similar redevelopment projects in the city. The decision will be closely watched by stakeholders in the retail and architectural communities, as it could influence the direction of urban development in London.

Opinions

You've reached the end