M&S has received approval for a significant redevelopment project at its Marble Arch location, following years of legal challenges.
- This decision marks an end to nearly four years of delays and legal obstacles.
- M&S plans to demolish existing structures and replace them with a ten-storey mixed-use development.
- The redevelopment will support around 2,000 jobs and boost sustainability efforts.
- CEO Stuart Machin expressed his enthusiasm about rejuvenating Oxford Street with this project.
M&S has secured consent from the Secretary of State for Housing, Communities, and Local Government to proceed with the redevelopment of its iconic Marble Arch store. This green light comes after almost four years of regulatory hurdles and legal disputes that previously stalled progress.
The approved plans focus on tearing down the existing buildings to erect a ten-storey complex featuring a new flagship store, office spaces, a café, and a gym. This ambitious initiative aims to transform the area, enhancing both its commercial appeal and environmental standards.
Stuart Machin, CEO of M&S, expressed relief and excitement over the approval, criticising prior governmental delays. He emphasised the project’s potential to reinvigorate Oxford Street, a crucial shopping district, while highlighting its contribution to approximately 2,000 jobs and its role as a sustainable benchmark.
The decision reflects the current administration’s commitment to urban renewal and economic growth, particularly in landmark commercial locations. Dee Corsi, CEO of the New West End Company, praised the move as a positive signal for businesses, underlining its potential to reaffirm the UK’s openness to international investment.
Despite prior opposition, including a temporary block by former Housing Secretary Michael Gove due to environmental concerns, the project overcame challenges. Critics had argued for preserving the existing structure, but M&S maintained that modernising the current site was unfeasible.
The redevelopment promises to revitalise Marble Arch and strengthen Oxford Street as a global shopping destination.
