PRIMARK have agreed terms to open a three-storey store as part of a new, £40 million development in the shopping centre.
Less than a year after it was announced that the popular shop would be coming to Milton Keynes at stadium:mk’s MK1 retail park, thecentre:mk revealed today (Wednesday) that the development on Secklow Gate would be occupied by the brand.
This deal comes as part of a significant investment plan for thecentre:mk which presently includes a £27 million extension and refurbishment currently underway at John Lewis, and a £6 million extension and refit to Next following a £4.5 million refurbishment at House of Fraser, which completed at the end of last year.
Following the exhibition, a planning application will be submitted to Milton Keynes Council for the investment at Secklow Gate, enabling the development of the new Primark store.
The plans, which will also create a further 17,500 sq ft retail unit and an improved market site, involves the removal of the southern section of Secklow Gate Bridge, unlocking the potential for the wider regeneration of Central Milton Keynes by opening up the land to the south of the shopping centre and Midsummer Boulevard.
Asset Manager, Hermes Real Estate Investment Management Limited, Ben Tolhurst, said: “We are firmly committed to the development and evolution of thecentre:mk, and the introduction of high profile retailers looking to expand into Milton Keynes is critical to maintaining its national retail rankings. Primark has had a requirement for Central Milton Keynes for some time, which is testament to the strong customer demand in the area.”
MP for Milton Keynes North, Mark Lancaster, said: “I am delighted to hear that Primark are looking to establish themselves in Central Milton Keynes. We all want this city to continue to thrive and I am confident this addition will maintain and improve Milton Keynes’ position as a premier retail destination.”
A Primark spokesperson, said: “We look forward to opening a new store at thecentre:mk. Milton Keynes provides an ideal location for Primark as it meets our requirements for store locations and is already a popular destination for our target customer.”