Legal & General Property is developing plans for a £15m refurbishment of Midsummer Place shopping centre in Milton Keynes, Buckinghamshire.
The improvements will add 57,000 sq ft of retail space to the centre and are designed to attract more international fashion retailers and create a new restaurant quarter.
LGP is finalising plans for the scheme and hopes to submit an application towards the end of May.
Midsummer Place comprises 430,000 sq ft of retail and has an annual footfall of more than 17m. Existing tenants at the centre include Hollister, Superdry, Zara, Hugo Boss, Apple, GAP, H&M and Debenhams.
Helen Snooks, senior asset manager of shopping centres at LGP, said: “Milton Keynes has established itself as the major regional shopping destination and it is important that we support this by continuing to invest in and improve its offering in order to best serve our discerning customers and maintain this position.”
annabel.dixon@estatesgazette.com
