Following the announcement earlier today (1 March), read our Chief Executive Dee Corsi’s full statement on the landmark decision below.
High Court rules Secretary of State’s planning decision on M&S Marble Arch store unlawful
Dee Corsi, Chief Executive, New West End Company, said:
“Today’s decision is a just result for Marks & Spencer, whose proposed development is a key part of Oxford Street’s and the West End’s future growth story. We are hopeful the successful appeal will now lead to enhanced clarity in the planning system for all developers to benefit from, whether they are pursuing a retrofit or a redevelopment. We like, Marks & Spencer, are in full support of a planning system which prioritises sustainable retrofits, where they are both commercially viable and have a clear environmental pay-off over the long-term.
“This added clarity can only be positive for our city centres – from flagship retail and leisure destinations, like Oxford Street, to local high streets – and would drive growth and investment within the U.K.’s property sector.
“The landmark decision to move forward on Marks & Spencer’s flagship redevelopment plans sends a positive signal to other investors that Oxford Street and the West End is a world-leading destination to do business.”
END