St. Modwen, developers of the new town centre at Longbridge, have today confirmed that Marks & Spencer have signed a 45 year lease on a 150,000 sq ft superstore, set to open in 2015.
The store, over 2 floors, will be one of the largest in the UK for the retailer and will create up to 350 jobs.
It will also be the anchor of the second phase of the Longbridge Town Centre for which St. Modwen will shortly submit a revised planning application, which – along with the new letting – will include proposals for 45,000 sq ft of additional retail units, plus a surface and multi-storey car park.
Commenting on this latest milestone at the ongoing regeneration of Longbridge, Bill Oliver, Chief Executive of St. Modwen, said: “To date, St. Modwen has created over 3,500 jobs on site at Longbridge. The addition of Marks & Spencer to the scheme, which will underpin the delivery of phase two of the new Town Centre, illustrates further how our transformational regeneration projects can encourage investment and serve as true catalysts for change, as well as creating substantial value for our shareholders.”
Julie Ridley, regional manager at M&S, commented: “This is an exciting prospect for M&S and the shoppers of Longbridge. We’re looking forward to bringing all that M&S has to offer to the local area and believe the new store will cater for the shoppers of south Birmingham and attract new customers from the M5 and M42 corridor.”
Since 2007, St Modwen has managed the development of 150,000 sq ft of office and industrial space, the construction of Bournville College and The Factory youth centre and completed the first phase of the town centre including Sainsbury’s, Premier Inn and Beefeater, Hungry Horse and independent retailers such as Autism Birmingham and Queens Fish Bar. The new public space of Austin Park has also been completed and, in a a joint venture with Persimmon, St Modwen is developing over 450 new homes.
Work on the town centre second phase will begin in mid-2014, subject to planning approval. It is hoped the new Marks & Spencer superstore will open by Christmas 2015.