Marks & Spencer is accelerating investment in its physical estate, unveiling a series of renewed and expanded stores that underline a long-term commitment to value, sustainability and an elevated customer experience. On Oxford Street, the Pantheon store has opened a transformed 19,400 sq ft Foodhall on the lower ground floor,
Superdrug has officially reopened in Metrocentre’s lower Red Mall in a brand new, 10,000 sq ft unit, unveiling the retailer’s latest store design and an expanded, service led offer. The upsized space introduces treatment studios and cosmetic services alongside a curated line up of regionally exclusive brands, including sought after
DTZ Investors has completed the £58 million acquisition of a freehold hotel and retail block in London’s West End. The asset, located at 120-134 Tottenham Court Road, 48-50 Grafton Way and 5 Warren Street, extends to around 174,575 sq ft and is anchored by a 330-room hotel. The hotel is
Landsec is reshaping its development priorities, pausing new office schemes in favour of a major push into retail acquisitions worth £1bn. Chief executive Mark Allan used the company’s latest investor day to set out the shift, highlighting stronger opportunities for growth in shopping centres compared with new-build commercial offices. The
Aldi has set out an ambitious plan to open 80 new UK stores over the next two years as part of a £1.6bn investment in its estate, sharpening competition on the high street and widening access to low-cost groceries. The supermarket says 21 branches will open in the next 13
British Land has signed 16,000 sq ft of new retail and dining deals at Broadgate Central, next to Liverpool Street Station, taking the ground and lower floors of the newly completed 1 Broadgate to 79% let or under offer. The latest line-up blends fragrance, fashion and fast-casual dining. Headliners include
Hammerson has signed a second flagship deal with UNIQLO, bringing the Japanese retailer to Cabot Circus in Bristol. The two-storey unit will provide around 15,000 sq ft of tradable space and stock womenswear, menswear and childrenswear, including the brand’s signature LifeWear collections—available in the South West for the first time.
On September 6th, Belstaff opened its first ever full price store in Leeds. Located on Vicar Lane in Victoria Leeds in the historic Victoria Quarter, the store will house all of the brand’s latest collections, including motorcycle clothing and the new Autumn/Winter 2025 collection. The design of the store is
Frasers Group has acquired Waterfront Retail Park in Greenock, Scotland, from HKIP for an undisclosed sum. The town-centre scheme totals just over 90,000 sq ft of retail warehousing and drive-through space, with tenants including Currys, Halfords and Pets at Home. The sale followed the park reaching 100% occupancy after Farmfoods
Boots is preparing to launch a new retail concept with the opening of its first-ever standalone fragrance store at Broadgate Central in the heart of the City of London. The 1,900 square foot shop, set to welcome customers this autumn, will showcase more than 400 scents from over 20 leading
Marks & Spencer is accelerating investment in its physical estate, unveiling a series of renewed and expanded stores that underline a long-term commitment to value, sustainability and an elevated customer experience. On Oxford Street, the Pantheon store has opened a transformed 19,400 sq ft Foodhall on the lower ground floor, complete with a new Coffee Shop, a hand-stretched sourdough Pizza Bar and a Hot Chicken Counter. Shoppers will also find a showstopping in-store bakery, a dedicated wine shop and a British-inspired gifting area. Pantheon is one of eleven M&S stores being renewed across Greater London this financial year, alongside six new openings, backed by a £90m capital commitment. In Orpington, a three-month transformation and extension has delivered a 37,700 sq ft full-line store, now 72% bigger than before. A fresh market-style Foodhall leads the offer, with an expanded bakery and coffee counter, more produce from Select Farm partners, and dedicated Flower and Wine shops. Two floors of fashion and beauty, plus a Click & Collect point, complete a modernised, multi-category destination. Regionally, the same formula of bigger, fresher and easier to shop is gathering pace. At Merry Hill, M&S has unveiled a 27% larger Foodhall as the first phase of a wider refit bringing food, fashion, beauty and home together under one roof later this autumn. In the North East, Kingston Park has reopened after a two-month closure as a transformed 16,800 sq ft Foodhall, anchored by an in-store bakery and coffee counter almost triple the previous size, expanded produce, and upgraded flower and wine propositions. Across these renewals, value and choice remain central. Each refreshed Foodhall carries around 450 new and upgraded seasonal products, alongside the Remarksable Value everyday range and Bigger Pack Better Value lines, both designed to help family budgets go further. The enlarged bakeries and coffee counters make visits more experiential while keeping pace and convenience front and centre. The wider programme signals how M&S intends to shape its estate for growth: a network of roughly 420 bigger, fresher Food stores and a more productive group of 180 full-line locations, with about half of the estate expected to be in renewal format by 2027/28. This sits alongside a separate national investment in 12 store renewals this year, 16 new openings and nine extensions backed by £300m. Sustainability is threaded through the upgrades. New formats lean into energy-efficient systems and low-carbon fit-out choices, with produce ranges highlighting partnerships with Select Farm growers across the UK. The aim is to balance an elevated in-store experience with tangible progress against Plan A goals. From the West End to regional centres, the direction of travel is clear: larger, more welcoming Foodhalls, sharper value, and modern environments that support the weekly shop and occasion-led browsing alike. With further renewals and openings scheduled, M&S is signalling confidence in the future of its stores—and in the customers who use them. Also in the pipeline: a £340m automated National Distribution Centre M&S has announced a landmark investment in a 1.3m sq ft automated food hub at Daventry International Rail Freight Terminal, targeted to achieve BREEAM Outstanding when it opens in 2029. The site will boost capacity, improve on-shelf availability and reduce cost-to-serve, supporting the accelerated store rotation and renewal programme nationwide. Building, Design & Construction Magazine | The Choice of Industry Professionals
Superdrug has officially reopened in Metrocentre’s lower Red Mall in a brand new, 10,000 sq ft unit, unveiling the retailer’s latest store design and an expanded, service led offer. The upsized space introduces treatment studios and cosmetic services alongside a curated line up of regionally exclusive brands, including sought after Korean and Japanese skincare. A standout is an exclusive edit from PURESEOUL, The Home of K beauty, bringing trending ranges to the North East under one roof. The fit out focuses on experience, clarity and efficiency. Updated wayfinding, refreshed finishes and energy efficient LED lighting support a brighter, easier to shop environment, while the added services shift the store towards a clinic and beauty studio model that encourages longer dwell and repeat visits. The result is a modern, flexible box designed to accommodate new categories and pop up brand moments without major interventions. The relaunch forms part of a wider wave of landlord and occupier investment at Metrocentre. Superdrug is one of ten established retailers committing capital to the destination this year, contributing to more than 76,000 sq ft of refurbished and expanded space across the campus. Recent activity includes projects by Boots, HMV, Kuoni and LEGO, underscoring continued confidence in the scheme and the role of high performing regional malls in multichannel retail strategies. Environmental performance and responsible delivery have been threaded through the programme. Across recent AS Watson projects at Metrocentre, specifications have prioritised energy efficient lighting, low waste fit out practices and the retention or reuse of existing elements where feasible. Sister brand The Perfume Shop’s newly refitted experiential store at the centre highlights the approach: ISO 14001 accredited principal contractors, LED throughout, and a permanent perfume bottle recycling service that encourages customers to return empties in store. Superdrug’s new concept aligns to the same ESG direction of travel, with lower energy operations, durable finishes and adaptable layouts that reduce future strip out. From a property standpoint, the move consolidates Superdrug’s position as a wellness anchor in Red Mall, adding scale and specialist services to complement neighbouring fashion and lifestyle brands. The larger floorplate enables clearer adjacencies, with skincare, fragrance and studios together, while back of house improvements support faster replenishment and a broader SKU count. Regionally exclusive K and J Beauty ranges, front of house services and upgraded lighting combine to drive footfall and conversion, strengthening the unit’s role as both a retail destination and a platform for new brand launches. For Metrocentre, the project is another proof point for targeted reinvestment, right sizing, remerchandising and upgrading well trading units to modern specifications that lift performance and extend asset life. For Superdrug, the Gateshead flagship demonstrates how the chain is evolving its physical estate, with bigger footprints, richer services and a stronger sustainability baseline, to meet changing customer expectations while supporting the wider AS Watson portfolio on site. With the doors now open, the expanded store adds fresh momentum to Metrocentre’s 2025 upgrade cycle and gives North East shoppers a best in region Superdrug experience built around service, exclusivity and lower impact design. Building, Design & Construction Magazine | The Choice of Industry Professionals
DTZ Investors has completed the £58 million acquisition of a freehold hotel and retail block in London’s West End. The asset, located at 120-134 Tottenham Court Road, 48-50 Grafton Way and 5 Warren Street, extends to around 174,575 sq ft and is anchored by a 330-room hotel. The hotel is leased to Radisson Blu on a long-term agreement running until 2163, with fixed five-yearly uplifts. The tenant is currently investing approximately £7.5 million in a phased refurbishment of the property. Alongside the hotel, the block includes around 26,365 sq ft of retail accommodation across 12 units, let to a mix of occupiers including Tesco, Boots, McDonald’s, Starbucks, Caffè Nero, Paul, Rosa’s Thai and Wasabi. Tony Gibby, senior director at DTZ Investors, said: “This acquisition provides long-term, inflation-linked income from a prime West End location. The combination of a landmark hotel and resilient high-street retail offers both secure income and asset management potential, aligning with our strategic objectives.” RX London, Savills and Forge advised DTZ Investors, while Knight Frank acted for the vendor. Building, Design & Construction Magazine | The Choice of Industry Professionals
Landsec is reshaping its development priorities, pausing new office schemes in favour of a major push into retail acquisitions worth £1bn. Chief executive Mark Allan used the company’s latest investor day to set out the shift, highlighting stronger opportunities for growth in shopping centres compared with new-build commercial offices. The strategy marks a decisive pivot for one of the UK’s biggest developers, which has already seen success from previous retail investments. Over the next three years, Landsec plans to scale back its office-led pipeline to around £200m by mid-2026. In the same period, it will recycle about £2bn of capital by selling office assets, redirecting the funds into retail expansion. Allan told investors: “Having sold £295m of offices well ahead of schedule, Landsec intends to accelerate further capital recycling over the next 12–18 months, to reinvest in major retail.” The move signals a halving of office development in the medium term, reflecting shifting market dynamics. Yet Landsec insists its wider ambitions remain intact, particularly in residential. The group is pressing ahead with regeneration at Mayfield in Manchester, along with proposals for new homes above Lewisham shopping centre in south London. By focusing on retail at scale while maintaining a foothold in housing, Landsec is betting on consumer-led growth to drive the next chapter of its portfolio. Building, Design & Construction Magazine | The Choice of Industry Professionals
Aldi has set out an ambitious plan to open 80 new UK stores over the next two years as part of a £1.6bn investment in its estate, sharpening competition on the high street and widening access to low-cost groceries. The supermarket says 21 branches will open in the next 13 weeks alone, including Shoreditch in London, Durham in the North East and Kirkintilloch in Scotland. The expansion builds on momentum from the past year and supports Aldi’s long-term ambition to operate 1,500 stores nationwide. It currently runs 1,060 supermarkets across the UK, meaning the programme would take the discounter a significant step closer to its target while improving geographic coverage in areas where consumer demand remains strong. Earlier this year Aldi named 20 priority locations where it is actively seeking sites, among them Bromley and Ealing in Greater London, South Shields in Tyne and Wear, and Witney in Oxfordshire. The retailer’s approach typically focuses on convenient, accessible plots that can serve dense residential catchments, pairing everyday value with straightforward store layouts and ample parking. Financial results for the 12 months to December 2024 underline the scale of the operation. Sales rose to £18.1bn, up from £17.9bn in 2023, reflecting sustained shopper appetite for keen pricing and own-label innovation. The latest investment aims to lock in that loyalty by making stores easier to reach and by refreshing parts of the existing estate alongside new openings. Giles Hurley, chief executive officer for Aldi UK and Ireland, said: “Since we opened our first UK store over 35 years ago, we’ve brought high-quality, affordable groceries to almost 800 towns and cities, but there are hundreds more communities that don’t have an Aldi nearby. We’re more determined than ever to meet that demand, and that’s why we’re investing a record £1.6bn over the next two years, to bring Aldi prices closer to millions more customers.” The near-term pipeline of 21 stores suggests a balanced mix of city, town and suburban locations, a pattern that has helped the brand broaden its appeal from weekly family shops to top-up missions and convenience-led baskets. A steady drumbeat of openings over two years should also allow supply chains, recruitment and training to ramp in step with customer demand. For landlords and local authorities, Aldi’s plans signal continued confidence in bricks-and-mortar retail, especially in neighbourhoods that value everyday essentials at competitive prices. For shoppers, the outcome is straightforward: more choice on where to buy the weekly shop, and greater pressure on rivals to keep prices sharp. As the cost of living remains a live concern for many households, the discounter’s expansion will be closely watched across the sector. With a clear store-opening timetable and significant capital committed, Aldi is positioning itself to capture more market share while staying true to the formula that has underpinned its rise: simplicity, efficiency and value. Building, Design & Construction Magazine | The Choice of Industry Professionals
British Land has signed 16,000 sq ft of new retail and dining deals at Broadgate Central, next to Liverpool Street Station, taking the ground and lower floors of the newly completed 1 Broadgate to 79% let or under offer. The latest line-up blends fragrance, fashion and fast-casual dining. Headliners include Boots Fragrance – the retailer’s first dedicated fragrance-only boutique – alongside Molton Brown, Swiss chocolatier Läderach and Parisian patisserie Ladurée. On the food side, NOTTO To Go, Sandwich Sandwich and Sushinoya are set to join the mix. Menswear brand MOSS, hair removal clinic Strip and grooming specialist Murdock London round out the signings. They will sit alongside fashion names already secured for the scheme, such as Mango, Luca Faloni, Hobbs and Whistles, plus Vagabond wine bar. Across the wider estate, Broadgate now offers 289,000 sq ft of retail, hospitality and leisure, with an established roster that includes Eataly, Los Mochis London City, Everyman, Monica Vinader, Tommy Hilfiger and Space NK. Kelly Cleveland, head of real estate and investment at British Land, said the campus is seeing “fantastic leasing momentum”, with a diverse mix of brands choosing Broadgate to grow their central London presence. “These latest lettings build on recent announcements and reflect the enduring appeal of Broadgate’s location, connectivity and curated offer,” she added. With a strong pipeline and fresh anchors in fragrance, fashion and food, British Land’s latest signings continue the repositioning of Broadgate as a seven-day destination for office workers, locals and visitors alike. Building, Design & Construction Magazine | The Choice of Industry Professionals
Hammerson has signed a second flagship deal with UNIQLO, bringing the Japanese retailer to Cabot Circus in Bristol. The two-storey unit will provide around 15,000 sq ft of tradable space and stock womenswear, menswear and childrenswear, including the brand’s signature LifeWear collections—available in the South West for the first time. The letting builds on leasing momentum at Cabot Circus, where M&S is due to open later this year and ODEON is set to follow in 2026. It also follows Hammerson’s agreement with UNIQLO at Birmingham’s Bullring earlier this year, with the brand making its Midlands debut next month. Paul O’Brien, director of leasing and commercialisation at Hammerson, said UNIQLO’s investment in both destinations “highlights the confidence that leading retailers have in Hammerson, and the unmatched quality of our destinations,” adding that prime, city-centre locations continue to attract “best-in-class global brands seeking regional flagships”. Alessandro Dudech, chief operating officer of UNIQLO UK, said the move forms part of a nationwide expansion across physical stores and ecommerce. “We are pleased to introduce UNIQLO to the communities and visitors in the South West at Bristol’s Cabot Circus,” he noted, highlighting LifeWear’s focus on quality, simplicity and functionality. For Cabot Circus, the arrival of a high-profile international brand adds further weight to a refreshed fashion and leisure mix, strengthening its draw across the region. Building, Design & Construction Magazine | The Choice of Industry Professionals
On September 6th, Belstaff opened its first ever full price store in Leeds. Located on Vicar Lane in Victoria Leeds in the historic Victoria Quarter, the store will house all of the brand’s latest collections, including motorcycle clothing and the new Autumn/Winter 2025 collection. The design of the store is a continuation of the ‘Future Garage’ concept unveiled at the London flagship in 2024 – a contemporary nod to the brand’s motorcycle heritage. This is an exciting new opening for Belstaff, which has a historic connection to the North of England – its founders Eli Belovich and Harry Grosberg first conceived the idea for the brand in nearby Manchester. As Belstaff’s third full-price store in England, it’s perfectly placed to better service its loyal customers in the region, while welcoming new ones. Full address: Unit 37, Victoria Quarter, 67 Vicar Lane, Leeds LS1 6BH Rachel Bradburn, Head of Leasing at Redical, commented “As Victoria Leeds’ line-up continues to grow, so does our status as the region’s go-to location for retailers. Belstaff is a premium addition to our flourishing destination, extending our menswear offer and delivering a distinct point of difference we know our loyal consumer base will benefit from. This city debut is one of many at Victoria Leeds, and we look forward to not only what Belstaff’s opening will bring, but also what lies ahead as we gear up for even more landmark Leeds debuts.” Building, Design & Construction Magazine | The Choice of Industry Professionals
Frasers Group has acquired Waterfront Retail Park in Greenock, Scotland, from HKIP for an undisclosed sum. The town-centre scheme totals just over 90,000 sq ft of retail warehousing and drive-through space, with tenants including Currys, Halfords and Pets at Home. The sale followed the park reaching 100% occupancy after Farmfoods signed a long-term lease on the former SCS unit. During its ownership, HKIP’s asset management programme broadened the tenant mix, adding JD Gyms, Home Bargains, Costa Coffee and Pizza Hut to strengthen day-to-day appeal. Knight Frank acted for HKIP, with Sims Retail representing Frasers Group. The deal is Knight Frank’s second sale to Frasers Group in quick succession, after the retail group’s purchase of Rose Street Retail Park in Inverness. The acquisition underlines continued investor interest in well-let, convenience-led retail parks that pair essential retail with food-to-go and fitness, and benefit from ample parking and easy access. With the Greenock park fully occupied at completion, Frasers Group secures a stabilised Scottish asset aligned to its focus on resilient, value-orientated locations. Building, Design & Construction Magazine | The Choice of Industry Professionals
Boots is preparing to launch a new retail concept with the opening of its first-ever standalone fragrance store at Broadgate Central in the heart of the City of London. The 1,900 square foot shop, set to welcome customers this autumn, will showcase more than 400 scents from over 20 leading brands, offering an extensive choice for perfume enthusiasts and casual shoppers alike. The move reflects a significant shift in consumer habits. The UK fragrance market is expanding at a rate far outpacing the wider economy, with forecasts suggesting it could reach £2 billion by 2029. Boots aims to tap into this rapid growth by giving fragrance its own dedicated space, creating an environment where customers can browse, test and discover without the distractions of a larger pharmacy or beauty floor. Broadgate Central, adjacent to Liverpool Street Station, was chosen for its high visibility and constant flow of City workers and commuters. The location positions the store to attract both daily foot traffic and those seeking a quick stop during their journey across London. Dan Kent, head of retail at property consultancy Rapleys, which advised Boots on the deal, said the new concept underlines the retailer’s ability to bridge digital and physical shopping. “Boots is leading the way in combining online and physical store presence,” he explained. “Broadgate Central is the perfect location for the new concept, with City workers able to drop in and huge passing footfall from commuters via Liverpool Street Station. We look forward to working with Boots on further projects as they continue to innovate and roll out the concept in the future.” The Broadgate opening also comes as Rapleys strengthens its own retail expertise. Earlier this year the consultancy added six new team members from Avison Young and has recently secured work with Sainsbury’s, Australian fitness brand BFT, Stansted Airport and The University of Sheffield. This expansion aligns with the growing demand for strategic retail advice as brands reimagine their physical footprints. For Boots, the standalone fragrance store represents a fresh chapter in a long history of innovation. By carving out a dedicated space for perfume, the company is not only responding to the booming fragrance market but also experimenting with how specialist retail can complement its established high street presence and online operations. With its curated selection of more than 400 perfumes and a prime City location, the new store is set to become a destination for anyone seeking a signature scent or the perfect gift. As the fragrance sector continues to flourish, this debut could mark the beginning of a wider rollout of standalone Boots Fragrance stores across the UK, bringing a renewed focus on luxury and personal expression to one of the nation’s best-known retail names. Building, Design & Construction Magazine | The Choice of Industry Professionals