Plans to separate up H&M in Stockport into three smaller retailers – which might even be allowed to promote meals – look set to be given the go-ahead.
The favored vogue retailer is predicated on the Peel Centre, on the perimeter of the city centre, additionally residence to excessive road favourites like Boots and Argos.
Bosses on the clothes agency have beforehand dedicated to staying in Stockport and sustaining the model’s presence within the city.
However, with its lease developing for renewal, landlord Peel needs to divide up the 1672 sq m retailer so it has extra ‘flexibility’ ought to H&M transfer from the Nice Portwood Avenue retail park.
The council has really useful its planning committee approves the proposals – together with ‘unrestricted permission’ to promote meals – when it meets on Thursday night time.
The city corridor purchased the extra centrally positioned Merseyway Procuring Centre 4 years in the past in a bid to ‘arrest decline within the city centre’ and underpin its regeneration plans for the world.
Any proposals that threaten to compete with Merseyway – probably luring away potential occupiers and leaving retailers empty – are a critical concern to the council.
And whereas city centre items are usually of a smaller measurement to these on the Peel Centre – leading to ‘barely completely different’ tenants being attracted to every web site – Peel’s plans may lead to ‘direct competitors’ between the 2.
Retailers at Merseyway are, on common, round 310 sq m however the plans for the Peel Centre may create a unit of this measurement – between 279 sq m and 465 sq m.
The opposite two items would cut up the rest, though could be no smaller than 465 sq m.
(Picture: Manchester Night Information)
However a council officer’s report back to the planning committee says the applying is ‘unlikely to hurt the city centre or Merseyway’ offered it’s a one off, ‘on a single foundation’.
It states: “On this particular person case, at this time limit, the subdivision as sought by the applicant is unlikely to hurt the city centre, or Merseyway because of the barely completely different nature of tenants that might be drawn to the retail park versus the core city centre. to reiterate, as a person distinctive prevalence.”
Stockport additionally has plans to create far more housing within the city centre – a 3,000 residence ‘city village’ being key to its regeneration programme.
The report says it’s value noting that that is ‘more likely to generate higher demand for retail growth together with meals’.
It reads: “Location smart the retail park is more likely to be fairly nicely positioned by way of lowering the necessity to journey for brand new and current residents dwelling in and round Stockport city centre, in addition to being accessible to bus providers and provision of current automotive parking areas for these travelling in from additional afield, together with these making linked journeys.”
In conclusion it provides: “It’s thought-about that the smaller items wouldn’t have a major detrimental affect on the principle city centre and as such needs to be supported.”
The Peel Centre’s present meals providing consists of Nando’s, Frankie & Benny’s and Costa.
H&M stated it was presently in a negotiation interval with the Peel and had nothing additional so as to add at current.
Stockport council’s planning and highways committee will determine the matter at a distant assembly to be held on Thursday at 6pm.