Angela Rayner has approved plans for Marks & Spencer to demolish and rebuild its flagship store.
Deputy Prime Minister Angela Rayner has granted permission for Marks & Spencer to demolish and redevelop its flagship London store.M&S CEO Stuart Machin said he was delighted at Rayner's decision, adding that the company would "move as fast as we can" to make progress.
"After three unnecessary years of delays, obfuscation and political posturing at its worst under the previous government, our plans for Marble Arch – the only retail-led regeneration proposal on Oxford Street – have finally been approved," he said.Marks and Spencersto tear down Orchard House, an Art Deco building, and replace it with a modernised shop featuring a new café, offices and a gym in 2021.
Charles Begley, chief executive of the London Property Alliance, said the uncertainty had damaged growth. "The fact that the property industry had been waiting the outcome of this case for clarity is clearly a failure of national policy," he said. "The application itself had unfortunately become a lightning rod for the 'retrofit v redevelopment' debate.Two men charged over stabbing of Iranian journalist in UKMan released in 'justice for killed PC' fraud probe
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