A massively popular retail and leisure destination, Lakeside, which is owned by property company SGS, has announced that H&M has signed on for a new unit at the centre.
Part of the expansion and re-model will see the launch of H&M HOME. The new H&M HOME, which is adjacent and linked to H&M’s existing site, will cover 8,000sq ft, which will bring the total H&M space to over 40,000sq ft. The new space will stock H&M’s popular home range 0 with an extensive selection of furniture, textiles and decorative pieces.
Steve Gray, Head of European Retail Asset Management at Global Mutual, commented: “We are incredibly excited that H&M has decided to expand here at Lakeside and also to invest in its existing offer – ensuring it remains compelling and up-to-date – in line with the latest retailing trends and innovation. The brand is a valued partner and long-standing tenant, with a loyal customer base. The extension will increase H&M’s prominence within the centre and the new emphasis on sustainability and customer experience – alongside the launch of H&M HOME – will provide a real draw for shoppers. The expansion is indicative of continued confidence across the market. We are seeing sustained interest in prime retail space – like our own here at Lakeside – where a strong tenant mix, good transport connections and a supporting leisure offer continues to attract customers.”