Hammerson plc

07/02/2024 | Press release | Distributed by Public on 07/02/2024 04:56

Marks & Spencer returns to Bristol city centre with flagship at Cabot Circus

Having long been at the top of customer's wish lists, Marks & Spencer is officially returning to Bristol city centre with a new flagship store at Cabot Circus.

The repositioning of the existing department store with a new M&S is a significant opportunity to improve the customer experience with a fresh market-style Foodhall, M&S Café as well as stylish and spacious new Clothing, Home & Beauty departments.

Hammerson continues to work closely with M&S across its portfolio and the new M&S at Cabot Circus store is the latest example of the unlocking investment with a key partner and their plan to invest in their store rotation programme.

The signing also further supports Hammerson's commitment to invest and reposition Cabot Circus and enhance the offering through high-profile brands and new uses including entertainment, leisure and social concepts that engage and excite audiences in different ways. Recent new openings include Stradivarius and athleisure headwear brand, Lids, whilst Treetop Golf is also set to open at Cabot Circus later this year as Hammerson evolves the leisure offer.

Harry Badham, Chief Development and Asset Repositioning Officer at Hammerson, commented: "Our vision is to create a leading multi-purpose destination that thrives in the heart of Bristol city centre. A new M&S is an important step forward in our strategy, as we strengthen the occupier mix and broaden the use and purpose of Cabot Circus.

The deal demonstrates the demand we are seeing from brands for the right city centre location, and how we can respond as placemakers and deliver for our customers. M&S has consistently been high on customer's wish lists and we look forward to the new store opening. An exciting next step in the evolution of Cabot Circus."

M&S Property Director Will Smith said: "Our store rotation strategy is all about providing customers with the right stores with the right space in the right locations and this spot in Bristol is exactly where we want to be. When it opens, the Cabot Circus store will be one of the largest and most modern M&S stores in the UK, offering the full range to customers and marking a welcome return for M&S to Bristol City Centre."

The leasing strategy at Cabot Circus also incorporates successful art programming and cultural partnerships, building upon the key brand partnerships and leasing deals currently being delivered and in the pipeline. The destination has been announced as one of only nine nationwide Official Team GB and Paralympics GB Fanzones, with live broadcasts during the Paris Games and appearances by Team GB athletes. Upcoming activations also include art festival, Lumosphere, and the return of the award-winning pop-up skatepark.

ENDS