Spires shopping centre gets approval for refurbishment plans

By

Cajsa Lykke Carlson

Published
Aug 5, 2016

Hunter Real Estate Investment Managers' £7m investment plan for The Spires Shopping Centre in Barnet has been unanimously approved by Barnet Council.

The centre has now announced that Swedish fast fashion retailer H&M will occupy the new 24,540-sq ft anchor unit. The new plans for the centre were designed by Leslie Jones Architecture and advised on by Montagu Evans. They also include three new restaurants and contemporary public realm improvements.

Fund manager at Hunter, Andrew Moffat, commented: “Barnet is one of London’s largest and fastest growing boroughs, as well as the most affluent, but to date the high street has lacked a suitable fashion and restaurant offer. Our plans build on recent refurbishment to deliver an offer suitable for the local catchment, which will help increase footfall and create an evening economy for Barnet’s high street.”

Hunter purchased the centre in July 2015 on behalf of a North American Institution.

H&M is expanding quickly in UK shopping centres. The Swedish brand is also set to anchor the Newlands shopping centre in Kettering, and it's expanding its store at Willow Place in Corby.