Primark has agreed a deal with Hermes Real Estate Investment Management and Prupim, to take a newly developed three-floor store comprising over 80,000 sq ft.
A planning application for the glass-clad extension to the Secklow Gate Bridge end of the 1.3m sq ft thecentre:mk will be submitted to Milton Keynes Council this summer. The plans, which will also create a further 17,500 sq ft retail unit and an improved market site, involve the removal of the southern section of Secklow Gate Bridge.
Subject to planning, work is expected to start on the Grade II listed building in spring 2013 with Primark due to open in 2015.
The deal is part of a wider investment plan for thecentre:mk which includes a £27m extension and refurbishment currently underway at John Lewis, and a £6m extension and refit to Next following a £4.5m refurbishment at House of Fraser, which completed at the end of last year.
CBRE and GCW are the leasing agents at thecentre:mk