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Centre:mk announces next phase of £60m investment

The co-owners of Centre:mk have announced the next phase of their £60 million investment in the Milton Keynes shopping centre. The investment programme by Hermes Investment… View Article

SHOPPING CENTRES & RETAIL PARKS

Centre:mk announces next phase of £60m investment

The co-owners of Centre:mk have announced the next phase of their £60 million investment in the Milton Keynes shopping centre.

The investment programme by Hermes Investment Management and AustralianSuper includes the recently completed £10 million refurbishment of Sunset Walk.

The next phase will see the development of new state of the art customer facilities on Deer Walk including a customer service lounge, family facilities and WCs. In addition, work will begin this Spring on a new 1,400 space multi–storey car park adjoining John Lewis.

Other initiatives will embrace the latest digital technology with a new Centre:mk app, website, social media platform, signage and wayfinding.

Speaking on behalf of Hermes Investment Management and AustralianSuper, Ed Sellick said: “ Our £60 million programme of investment is designed to enhance the experience for visitors, leading to increased sales for our retailers and restaurants. As the town of Milton Keynes enters its 50th year, at Centre:mk, ‘Re-Imagining an Icon’ is seeking to re-equip the UK’s first listed shopping mall for the 21st century. It is about reflecting and paying homage to the building’s iconic status, whilst at the same time reappraising what happens inside and, finally, the role Centre:mk plays in Milton Keynes.”

Centre:mk has seen several new additions to its line-up over the last 18 months. Premium brands Jigsaw, Hobbs, Joules, Cath Kidston, Kiehl’s, Molton Brown, The White Company and Pandora have all opened new stores on Sunset Walk. Smiggle, T2 and Flying Tiger have also launched stores while Ask has recently opened a new restaurant opposite John Lewis

Kevin Duffy, centre director added: “Centre:mk plays a significant role regionally as we provide a critical mass and diversity of offer unavailable elsewhere. The investment in the malls, wayfinding, facilities and customer service will collectively allow us to build upon the place making we have created and further improve the space. These plans ensure Centre:mk is always relevant for the consumer and retailers and will create a refreshing, exciting and modern look and feel within the iconic destination.”

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