20 September 2019
Stockport’s former Marks & Spencer building has finally been bought. Property Developers, Glenbrook, are the new owners having completed the acquisition of the three-storey, 80,551 sq ft building situated within Merseyway Shopping Centre. The store had been closed since April 2018.
Working with architecture practice AEW, Glenbrook plan to transform and reposition the building for alternative office and leisure occupiers, and will also retain a retail element.
Chris Lloyd, investment director at Glenbrook, said: “The former M&S store represents a significant piece in the Merseyway Shopping Centre jigsaw.
“The building’s size, configuration and location lends itself to a mixed-use scheme, with the upper floors being best suited for office use, whilst the lower ground floor area will no doubt appeal to a wide range of leisure uses.
“Stockport, which is now receiving significant public and private sector investment, has been on our radar for a while now. We are pleased to bring this scheme into our portfolio.”
Cllr David Meller, cabinet member for economy and regeneration at Stockport Council, added: “This new scheme will strengthen our town centre offer and fit alongside Stockport Exchange, Redrock, the Produce Hall and the number of new, independent businesses setting up home in our town centre.
“This once again demonstrates that it’s change here in Stockport. I’m looking forward to seeing the finished scheme and the new businesses it will attract.”