Gloucestershire’s retail scene is set to get an exciting new addition, after John Lewis announced plans to open a department store on Cheltenham High Street in 2017.
The £30m development, with combined investment from John Lewis, BlackRock and Cheltenham Borough Council, will see the entire Beechwood Shopping Centre transformed into a contemporary retail space spanning over 115,000 square feet, showcasing fashion, home and consumer electronics.
Tim Harrison, director of store development at John Lewis, said: ‘Cheltenham has long been a sought-after location for us and we’re delighted to be able to expand our reach to customers across the region for the first time. This new shop will provide more convenient access to our inspiring products and great service, and we’re looking forward to becoming part of the local community.’
The announcement follows the news that Topshop and Topman is to open at Regent Arcade in spring 2016, while the current development of The Brewery will also add to Cheltenham’s burgeoning retail scene.
John Benham, vice president of real estate at Blackrock, said: ‘This development improves Cheltenham as a shopping destination, increasing footfall within the town centre and encouraging other retailers to the area.
‘At the same time, this ensures the long term viability of the site, creating long-term returns for our investors by improving the building and securing a high quality brand as a tenant.’
Friday 09 October 2015
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