Next store returns to Newbury in Parkway Shopping
Next is returning to Newbury, Newburytoday can now exclusively reveal.
The retailer will open its doors this summer in the former John Lewis unit at Parkway Shopping.
The company has now exchanged contracts with Parkway Shopping's owner Aberdeen Standard Investment’s Pooled Pension Fund for a new 50,000+ sq ft Next store.
The store, which will open in the summer, will carry the full ranges of ladies wear, menswear, kidswear, homeware and will also have a Mamas & Papas concession.
There are also plans to incorporate a café into the store.
Aberdeen Standard Investments senior asset manager Angus Stenhouse said: “This vote of confidence by Next strengthens Newbury’s reputation as a strong retail destination within its catchment and the M4 corridor.
"Having recently closed the retail park store, choosing Parkway shows Next’s belief in the future of the High Street.”
Advisers to the deal were Lunson Mitchenall for ASI and Savills for Next.
Next has been operating a temporary click and collect store in Parkway during the third lockdown.