Laker Developments has secured Marks & Spencer as the anchor retailer for its development in Dover, a regeneration scheme of the St James’ area.
In partnership with developer Bond City, funder Stonehurst Estates and Dover District Council, the 120,000 square foot St James Dover scheme will include retail, leisure as well as a 120 room hotel.
Marks and Spencer has agreed to lease 16,000 square foot unit to anchor the retail development, and follows the signing of Cineworld in September to anchor the leisure complex with a six-screen cinema.
Richard McGibbon, development manager at Laker Developments, said: “Signing a retailer of the calibre of Marks & Spencer soon after Cineworld gives the St James scheme fresh impetus. We now have two very strong anchors for the development, providing the catalyst for the next stage of marketing. Negotiations are already well underway with restaurant operators for the units alongside the cinema.”
Cllr Paul Watkins, leader of Dover District Council, added: “Securing M&S and Cineworld at the St James development is a major step forward in our plans for the town centre. The deal with M&S represents an important commitment from the retailer to Dover at a time when it had been reviewing its options, including whether to exit the town. We are confident that this will open the door to further investment as other retailers follow suit.”
Following the opening of its new store, Marks and Spencer will close its existing unit in Biggin Street, which will be demolished as part of the Dover Town Investment Zone development of the St James’ area.