Mar 29, 2016
M&S to anchor Oldham's Prince's Gate centre
Mar 29, 2016
British high street retailer Marks & Spencer will become the anchor tenant of the Prince' Gate development, which is set to open in Oldham, Greater Manchester, in 2017.
The regeneration scheme is meant to transform the Oldham Mumps gateway site, which is located east of the town centre and adjacent to a new Metrolink line. The M&S store will measure 51,000 sqft. and sell clothing, home and food. The total scheme will deliver around 150,000 sqft. of extra retail space, as well as up to 800 homes and around 700 car parking spaces.
An M&S spokesperson said: “We can confirm that we have now exchanged contracts for a full line store in the Prince’s Gate development and look forward to progressing plans in the near future.”
Jim McMahon, Oldham Council leader, said: “We never doubted it would happen but it’s a really positive milestone today to be able to officially confirm Marks & Spencer is coming to Oldham. M&S is a fantastic authentic brand and it is obvious why we’ve worked so hard to get them here. Our market research overwhelmingly told us they are the favourite missing High Street store people wanted to see here and we’ve now delivered that."
According to an independent economic analysis of the Prince’s Gate masterplan by AMION Consulting, the development could be worth up to £21m per year to the local economy.
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