A wave of store reinvestments is sweeping through The Liberty Romford as four major high street brands commit to upgrading their spaces, signalling growing confidence in one of East London’s most prominent shopping destinations. Jewellery favourite Pandora is spearheading the rejuvenation, currently undertaking a significant refit of its 1,582 sq ft store in Liberty Square. The revamp introduces the retailer’s latest concept layout, which includes a newly designed central island feature, a more spacious shop floor, and the addition of on-site engraving services, allowing customers to personalise their purchases. But Pandora is far from alone in recognising the value of a refreshed presence at The Liberty. Also set to benefit from a major uplift is The Perfume Shop, which is planning a full upgrade of its 1,157 sq ft store located on the centre’s East Mall, with works expected to complete in May. The new fit-out aims to enhance the shopping experience through improved layout and customer flow, as well as updated displays to showcase their growing portfolio of fragrance brands. Meanwhile, health and wellness retailer Holland & Barrett is responding to increasing footfall and customer demand by refitting its expansive 2,629 sq ft store, also on the East Mall. The refurbishment, scheduled for this spring, reflects a broader shift within the brand towards creating more engaging, experience-led environments for consumers. Digital and mobile giant EE has already completed its transformation at the centre, introducing its latest store concept to its 2,559 sq ft space. The new format incorporates immersive technology experiences and digital consultation zones, aimed at helping customers better engage with the brand’s evolving suite of services. This flurry of activity comes as part of a wider strategy by Redical, the owner of The Liberty Romford, to future-proof the shopping centre and ensure it evolves in line with consumer expectations and changing retail dynamics. The strategy focuses on enhancing the tenant mix, creating dynamic spaces for experiential retail, and reinforcing the centre’s role as a vital social and commercial hub for the local community. Daniel Tucker, Leasing Manager at The Liberty Romford, commented on the renewed interest from national retailers: “Brands are finally recognising, and taking advantage of, the full potential that The Liberty Romford has to offer as the number one London satellite shopping centre for retail spend opportunity. This latest wave of commitments from leading brands is a clear signal of the confidence they hold in the centre and its location, and we’ll continue to work together with partners to strengthen and elevate the tenant mix while delivering positive change for the wider area.” The reinvestment trend follows hot on the heels of new leasing activity at the centre, including the recent arrival of jewellery and accessories brand Lovisa. These developments reflect growing optimism around the centre’s positioning, particularly as it serves an expansive catchment area stretching across East London and Essex. In parallel to the store refurbishments, long-term planning for the next chapter of The Liberty Romford is already underway. Developer HUB has been appointed to lead the upcoming transformation of the site, which is likely to include a mix of residential accommodation alongside enhanced commercial and community infrastructure. Though still in its early stages, this next phase could help reshape the town centre, boosting local employment, housing availability, and economic resilience. For many within the property and retail sectors, The Liberty Romford represents a compelling case study in how regional shopping centres can adapt and thrive in the post-pandemic landscape. While many UK high streets continue to grapple with vacant units and subdued footfall, The Liberty is charting a different path by actively reinvesting in its spaces and collaborating with occupiers to deliver experiences that go beyond conventional retail. This proactive approach reflects wider shifts in consumer behaviour, where the in-store experience, customer service, and community feel are becoming as important as the products on offer. Retailers are increasingly recognising the importance of creating environments where customers want to spend time — not just transact — and Romford’s main shopping hub is stepping up to meet that demand. The renewed momentum also comes at a time when East London is experiencing substantial regeneration. Improved public transport links, investment in housing, and a growing population are all contributing to Romford’s rising profile as a destination in its own right. For retailers, this means an opportunity to tap into a younger, more diverse consumer base looking for convenience, variety, and quality. With more refurbishments and signings expected over the coming year, the sense of momentum at The Liberty Romford shows no sign of slowing. As more brands commit to enhancing their presence in the centre, local shoppers stand to benefit from upgraded experiences, expanded services, and greater choice. Cushman & Wakefield and Green & Partners advised on leasing for The Liberty Romford, while representation for Pandora was provided by Stephen Kane & Co. What’s clear is that in a shifting retail landscape, places like The Liberty Romford are proving that well-managed, community-focused centres can not only survive but flourish — attracting new investment, modernising facilities, and retaining their central place in the lives of local residents. Building, Design & Construction Magazine | The Choice of Industry Professionals

Lidl has announced ambitious plans to further cement its presence in the UK by opening more than 40 new stores across the country during the current financial year, supported by a substantial £500 million investment into its store network. The budget supermarket chain, which already operates more than 980 stores nationwide, is aiming to push past the 1,000-store milestone as it marks its fourth decade in the British market. This latest move highlights Lidl’s commitment to broadening its reach and increasing access to its growing customer base. A key focus of the expansion strategy is London, where Lidl is preparing to make inroads into some of the capital’s most affluent neighbourhoods. Areas being targeted include Knightsbridge, Chelsea, South Kensington, Marylebone, Soho, Covent Garden, Belsize Park, and Mayfair. The decision to enter these premium markets reflects a shift in the company’s strategy, aiming to challenge conventional assumptions about discount retail and appeal to a broader demographic. Richard Taylor, Chief Real Estate Officer at Lidl GB, described the expansion as a pivotal step in the company’s ongoing growth: “This level of investment is a clear sign of our ambition. As we enter our fourth decade in Great Britain and hurtle towards 1,000 stores, there are still so many parts of the country crying out for convenient access to a Lidl store.” Taylor also welcomed the government’s proposed Planning and Infrastructure Bill, suggesting that reforms could help streamline the development process and remove obstacles that often delay new store openings. “The measures recognise the urgent need to remove barriers to development and support the kind of growth we at Lidl are working towards,” he added. The company recently published its updated site requirements brochure, which outlines the scale and scope of its expansion goals. Lidl is actively seeking freehold, leasehold or long leasehold sites in prominent locations with strong footfall or easy accessibility, ideally with the potential for car parking. Each new store opening is expected to bring with it not only local employment opportunities but also increased demand for British suppliers. Lidl has been vocal about its commitment to supporting domestic producers and investing in the communities it operates in. By expanding into new areas, the retailer plans to continue driving regional economic growth while offering customers value-led alternatives to traditional high street and supermarket offerings. Already one of the UK’s fastest-growing supermarket brands, Lidl’s strategic investment this year signals a confident outlook and a desire to solidify its position as a major player in the British retail landscape. With a focus on accessibility, affordability, and efficiency, the discount grocer is poised to reshape the retail environment well beyond its current footprint. Building, Design & Construction Magazine | The Choice of Industry Professionals

Costa Coffee has renewed and expanded its long-standing partnership with Savills as it gears up for a new phase of nationwide growth across the UK. Marking 20 years of collaboration, Savills has been reappointed to advise on the coffee chain’s property strategy, with an extended remit now covering the entire country outside the M25. Previously, the real estate advisor focused on expanding Costa’s footprint across the South West, Wales, and Scotland. Under the renewed partnership, Savills will identify opportunities for a variety of formats including drive-thru, drive-to, and travel hub locations. The search will prioritise prominent roadside and retail park sites with ample parking to support customer convenience. As part of its wider strategy, Costa Coffee is not only targeting new locations but is also actively rightsizing and upsizing existing outlets to better align with consumer demand and operational efficiency. Matt Brown, director at Savills, commented: “Our extended role reflects Costa Coffee’s ambitious plans and our shared commitment to securing high-quality sites that meet their evolving business needs. We’re proud to continue supporting their expansion across high streets, retail parks, and transport locations nationwide.” Tom Falk, head of property at Costa Coffee, added: “We’re entering a new phase of growth, and it’s vital we work with experienced partners who understand both the market and our brand. Savills has played a key role in our property success over the past two decades, and we’re looking forward to building on that foundation with this expanded agreement.” The move underlines Costa Coffee’s ongoing investment in its UK estate and its focus on adapting to changing consumer behaviours with flexible and accessible store formats. Building, Design & Construction Magazine | The Choice of Industry Professionals

Japanese clothing giant UNIQLO has officially opened its first store in Liverpool, marking a significant milestone in the brand’s UK expansion. Located at Liverpool ONE, the 25,000 sq ft flagship spans two floors on Paradise Street and showcases the full range of menswear, womenswear, and childrenswear. The store introduces several customer-focused features including self-service checkouts, dedicated collection points, and in-store services for clothing repairs, alterations, and recycling—reinforcing UNIQLO’s commitment to sustainability and garment longevity. This opening marks the brand’s 21st location in the UK, with further stores planned for Glasgow and Birmingham later this year as part of an ongoing growth strategy. Rob Deacon, asset management director at Liverpool ONE, commented: “UNIQLO’s arrival is a standout moment for Liverpool ONE. Their striking new store adds even more depth to our already strong fashion offering, reinforcing our reputation as a prime destination for global brands seeking prominent, high-footfall locations.” The deal reflects Liverpool ONE’s continued appeal to international retailers looking to establish flagship presences in key UK cities. Property agents Metis and CBRE advised on the transaction. Building, Design & Construction Magazine | The Choice of Industry Professionals

Marks & Spencer has announced a £90 million investment to expand and upgrade its store portfolio across London, with six brand new food halls and 11 enhanced stores set to open or relaunch in the coming years. The retail giant will add around 70,000 sq ft of new space through the launch of food halls in Covent Garden, Leytonstone, Clapham Common, Putney, New Malden, and Fulham Broadway—subject to planning permission. These additions are part of a wider strategy to strengthen M&S’s presence in the capital by catering to growing customer demand for high-quality, convenient food offerings. In addition to the new openings, 11 existing stores are undergoing significant upgrades. Among them is the Clapham South food hall, which has already reopened featuring a refreshed produce section, expanded frozen and ambient food areas, a larger in-store bakery, and improved fixtures including new flooring, refrigeration, and checkouts. Further refurbishments are under way at stores in Brooklands, Islington, Brent Cross, Whetstone, Wimbledon, and Chiswick. Meanwhile, revamped M&S food outlets have recently reopened in key London transport hubs including Euston, St Pancras, and Charing Cross stations. One of the most high-profile projects is the phased renewal of M&S’s flagship Pantheon store on Oxford Street. The renovation will begin with a complete overhaul of the basement food hall in April, which will stay open throughout the works. A temporary food offering will be in place while construction progresses. Once completed, the updated food hall will include a fresh pizza counter, hot chicken options, and an all-new coffee shop concept. This investment in the capital follows the company’s announcement of a separate £50 million plan for the North West, aimed at increasing store space and modernising outlets in the region. Sacha Berendji, Operations Director at M&S, said:“London has always held a special place in the M&S story—from our early days with penny bazaars to the modern Foodhalls we operate today, like the one we reopened in Brixton last year. We serve thousands of customers each day across the capital, from large full-line stores to grab-and-go outlets in train stations. This new wave of store investment is our commitment to bringing the best of M&S to every corner of London—from Brixton to Barnet—for many years to come.” Building, Design & Construction Magazine | The Choice of Industry Professionals

Matalan is pressing ahead with ambitious expansion plans following a £25 million injection of new funding from its investors. The family-focused fashion and homeware retailer is set to open ten new stores this year, while also revitalising a number of its existing locations. With more than 220 sites already operating nationwide, Matalan is now on the hunt for additional premises in key retail hotspots. The retailer is specifically targeting Use Class E units in retail parks, town centres, and shopping centres, ideally ranging in size from 10,000 to 35,000 sq ft. For smaller sites, between 10,000 and 20,000 sq ft, mezzanine space will be a requirement to accommodate its full offer. While leasehold sites are preferred, the retailer is open to considering freehold opportunities where appropriate. To support its expansion drive, Matalan has appointed property consultants across different regions: Savills is focusing on Scotland and Northern Ireland, Stockford Anderson is covering Wales and the North of England, and Smart 4 has been tasked with identifying locations in the South of England and London. In parallel with its new store openings, Matalan is rolling out an extensive refurbishment programme aimed at enhancing the shopping experience for customers. Thirty existing stores are set to be refreshed this year, with work already completed at Linwood, near Glasgow, and Croydon. Upgrades to stores in Dumfries and Bristol Filton are also expected to wrap up in the coming weeks. This dual focus on expansion and enhancement reflects Matalan’s confidence in the UK retail landscape and its ongoing commitment to offering customers value-led fashion and homeware in accessible, well-designed spaces. Building, Design & Construction Magazine | The Choice of Industry Professionals

Leading asset and property management firm Estama has been appointed to oversee Festival Place in Basingstoke—one of the UK’s largest shopping centres—in a landmark deal that marks a new chapter for both the company and the centre. The appointment is a significant moment for Estama, coming soon after the firm transitioned to an Employee Ownership Trust. It also continues the company’s steady growth, expanding its managed portfolio across the UK retail landscape. Festival Place spans an impressive 1.2 million sq ft and is home to over 180 retailers including high street giants such as Next, Marks & Spencer, Sports Direct, H&M, and Rituals. The centre also offers more than 20 dining options and a 10-screen Vue cinema, positioning it as a major retail and leisure destination. Under its new dual role as asset and property manager, Estama has been tasked with revitalising the centre’s performance—boosting leasing activity, refining the retail mix, and increasing net operating income. With current occupancy at 77%, well below the industry average of 89%, Estama sees significant scope for transformation. The firm’s wider portfolio, by contrast, boasts a 98% occupancy rate. Estama’s immediate focus will be on stabilising operations and attracting a mix of well-known brands and independent local traders to fill vacant units. (Left to right) Eoin Conway, Ross Campbell, and George Grimes Eoin Conway, Managing Director of Estama, commented:“This appointment is a moment of real pride for our team and a milestone for Estama since becoming employee-owned. It also showcases our joined-up approach—our asset and property management teams, led by Ross Campbell and George Grimes, have worked hand in hand to secure this win. We’ve built steady, sustainable growth over the past 18 months, and this latest instruction reflects the trust our clients continue to place in us. That’s what drives us.” Looking ahead, tenant engagement will be a key priority. Estama plans to foster strong relationships with occupiers and local stakeholders to create a dynamic and relevant retail offer for the community. Ross Campbell, Director and Head of Asset Management at Estama, added:“Retail is evolving rapidly, and so must the centres we manage. At Festival Place, we see real opportunity to reshape both the retail and leisure line-up to better meet the needs of local shoppers. Despite headwinds in the market, we’re seeing strong tenant demand, improving footfall, and an active leasing pipeline for 2025 and 2026. With our research-led approach and wide retailer network, we aim to deliver the right mix for the local catchment.” GCW and Lunson Mitchenall remain the retained letting agents for Festival Place. Building, Design & Construction Magazine | The Choice of Industry Professionals

Iconic discount retailer B&M is forging ahead with ambitious expansion plans, announcing the opening of 45 new stores across the UK in the year ahead—even as it grapples with a dip in like-for-like sales at home. In the 12 months to 29 March, the retailer reported a 3.1% drop in like-for-like UK sales, falling to £4.5 billion. Sales were also down 2.4% in the final quarter. However, group-wide performance painted a more positive picture, with total sales rising by 3.7% to £5.6 billion. This growth was driven by newly opened stores and a strong trading performance in B&M’s French arm, which helped offset the softer results in the UK market. B&M’s garden, toys, paint and stationery categories helped underpin its UK performance, while the fast-moving consumer goods (FMCG) segment experienced a decline in like-for-like sales—though it still saw gains in overall value and volume. The company has said steps are being taken to boost performance in this category. Undeterred by the sales slowdown, B&M said its 45 new stores opened over the past year are performing in line with expectations and delivering strong returns—prompting the company to commit to another 45 openings in the year ahead. The new stores are expected to target high-footfall areas such as retail parks and under-served smaller towns, where demand for discount retail remains strong. The company’s group adjusted EBITDA is forecast to land above the midpoint of its £605m to £625m guidance range. Meanwhile, B&M’s board is progressing in its search for a new chief executive to replace Alex Russo, who will retire at the end of the month. An announcement on his successor is expected in the coming weeks. Building, Design & Construction Magazine | The Choice of Industry Professionals

Hines UK has made a significant investment in South Yorkshire, acquiring Sheffield’s largest retail park—Drakehouse Retail Park—for £50.75 million. The purchase from 90 North Real Estate Partners reflects a net initial yield of 7.0%. Covering 232,538 sq ft, the prominent out-of-town retail destination features 17 retail units arranged around a central car park with 784 spaces, as well as two standalone drive-through restaurant units. The park boasts a strong line-up of national retailers, including Wickes, B&M, Pets at Home, Currys, JD Sports, Halfords, and Starbucks. According to marketing materials released in September 2024, the scheme had a weighted average unexpired lease term of 6.2 years to expiry and 4.5 years to break. Drakehouse Retail Park currently generates an annualised passing rent of £3.8 million—equivalent to £16.34 per sq ft. Situated seven miles south-east of Sheffield city centre, the park is positioned within a well-established retail warehousing hub. Nearby retail assets include the 600,000 sq ft Crystal Peaks Shopping Centre, the 80,000 sq ft Crystal Peaks Retail Park, and the 40,000 sq ft Crystal Peaks Village. Following the acquisition, Curson Sowerby and Font Real Estate have been appointed as joint agents for the asset by Hines. Green & Partners advised Hines UK on the deal, while Font Real Estate and JLL represented the vendor. Building, Design & Construction Magazine | The Choice of Industry Professionals