TK Maxx takes over former Debenhams space in Westfield London
K Maxx have signed a deal that will see the rapidly expanding high street chain breathe new life into the former Debenhams space in Westfield London, the Evening Standard can reveal.
The apparel and homewares retailer will open a 30,000-square-foot store in the White City mall in the fall. A spokesman for parent company TJX Europe said it is one of four branches due to open in the UK this year.
The spokesperson added: “Plans are well underway for this exciting 30,000 square foot space and we will be working around the clock to bring our unique blend of incredible products to West London customers at amazing prices.”
TK Maxx has 58 stores in the capital and has recently begun looking for additional locations in London, adding to the momentum in the industry with companies encouraged by visitor numbers.
Investing in shops is a welcome move after three turbulent years for the High Street. Businesses are struggling with Covid-19 lockdowns and soaring energy bills.
Kate Orwin, UK lettings director at Westfield’s owner, said the recent letting is “hot on the heels of a number of global retailers taking new or larger spaces in the centre”.
Recent additions include beauty retailers Space NK and Sephora. Orwin said, “More exciting signings will soon be unveiled for this part of the center as we continue to transform our spaces and offer customers the best blend of retail, hospitality and leisure.”
TK Maxx takes part in the space previously occupied by Debenhams, the department store chain which was one of the centre’s original anchors but disappeared from the high street during the pandemic.
Richard Scott of property consultant Nash Bond, who worked for the landlord alongside CBRE, said: “London is recovering at pace post-Covid-19 and quality retail space is being taken up by strong global brands that continue to gain market share. TK Maxx is a great user who continues to deepen the significant retail offering in Westfield London.”
https://www.standard.co.uk/business/exclusive-tk-maxx-expansion-westfield-london-debenhams-b1068073.html TK Maxx takes over former Debenhams space in Westfield London