Department store chain Fenwick is said to be in talks to open its first store in more than 10 years as part of the regeneration of a South East town.
The UK’s largest independent department store group is reported to have plans to join the £750m Bracknell Regeneration Partnership in Bracknell, being spearheaded by Legal & General Property in a 50/50 deal with Schroders.
The move would represent the first opening by the 131-year-old chain – which owns 11 stores around the UK including the original shop in Newcastle – since the Canterbury outlet opened a decade ago.
The Bracknell Town Centre project is made up of retail, 1,000 residential units and a 12-screen Cineworld and construction begins next year, following demolition works next month. The scheme includes a 36,000sq ft Waitrose which has already opened, and Marks and Spencer has signed up to anchor the centre with an 80,000 sq ft store.
Earlier this year John James Fenwick had stepped down as deputy chairman of the firm