M&S store bought by local council to be demolished

M&S
The local authority has received £25 million as part of the government's Towns Fund
// M&S’s empty store in Redcar bought by local council to be demolished for a town revamp
// Redcar and Cleveland Council would not disclose what it paid

A local council has bought an empty Marks & Spencer shop with plans to demolish the site as part of a town revamp.

The former store in High Street, Redcar, previously had a guide price of £1.29 million.

Redcar and Cleveland Council would not disclose what it paid, describing it as “commercially sensitive”.


READ MORE: M&S Food to pay small suppliers within one week from October


The local authority has received £25 million as part of the government’s Towns Fund which is aimed to rejuvenate the coastal town.

Council leader Mary Lanigan has previously promised to “make every penny count” of the government cash.

The store closed in 2014 and property has entrances from the High Street and The Esplanade.

It will make way for a scheme linking the High Street with the seafront which will provide an events space and allow existing and pop-up businesses to trade outdoors.

Other plans include a proposed outdoor watersports centre at Coatham, a family activity centre on The Esplanade, renovating properties in Station Road, along with an improved library for the town and a clean energy education hub at Redcar & Cleveland College.

Click here to sign up to Retail Gazette’s free daily email newsletter

LEAVE A REPLY

Please enter your comment!
Please enter your name here