M&S Oxford Street store redevelopment faces election delay

M&S will have to wait for a decision on its London flagship demolition plans following a fresh delay triggered by the General Election.

The high street giant wants to demolish and rebuild its Oxford Street store, but the election on 4 July means the decision may not happen for months until a new government forms, This is Money reported.

The news comes as the newspaper reports that Michael Gove’s Department for Levelling Up, Housing, and Communities spent £141,000 on legal fees in the planning dispute since last year, according to a recent Freedom of Information disclosure.

M&S, which has been battling with Gove since he blocked the plans, argues its store will revitalise Oxford Street, which has been plagued by empty units and American candy shops in recent years.

It wants permission to demolish the 1929 art deco building near Marble Arch in London and build a larger ten-storey retail and office block. M&S warned it would close down the flagship shop altogether if it was not allowed to rebuild it.


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M&S chief executive Stuart Machin has previously said: “Our investment will deliver far more than carbon reduction; it will be a better place for our customers to shop, a better place for our colleagues to work, and a better public realm for our community.”

An spokesman for the retailer added that the store “would deliver a much-needed boost for Oxford Street and send a clear message to developers that regeneration of our towns and cities is a clear priority”.

Machin has been outspoken about the current plight of Oxford Street. Back in 2022, he said: “When I walk down Oxford Street today, I see a stark reality staring back at me. One in five shops sit vacant, there is a growing proliferation of tacky candy stores and near £600,000 of counterfeit goods have been seized from hawkers this year.

“The effects of Covid have brought a street that was once the jewel of UK shopping to its knees.”

M&S’ redevelopment has been supported by fellow retail giants Selfridges and Ikea.

The furniture giant’s UK country manager Peter Jelkeby said: “With Ikea having recently committed to a significant investment at Oxford Circus and preparing to open our newest London store next year, we are delighted to see the proposal from Marks and Spencer.”

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