John Lewis has unveiled plans to open a new department store in Cheltenham in 2017.
With a combined investment of more than £30m from John Lewis, BlackRock and Cheltenham Borough Council, the proposal will see the Beechwood shopping centre in Cheltenham transformed into a John Lewis department store.
The retailer said the move will create up to 250 jobs and offer more than 115,000 square feet of selling space across two floors.
Tim Harrison, director of store development at John Lewis, said: “Cheltenham has long been a sought-after location for us and we’re delighted to be able to expand our reach to customers across the region for the first time.”
John Lewis operates 45 shops across the UK, of which 32 are department stores. The remaining outlets consist of 11 John Lewis at home stores and branches in St Pancras International and Heathrow Terminal 2.
John Benham, VP of Real Estate at Blackrock, said: “This development improves Cheltenham as a shopping destination, increasing footfall within the town centre and encouraging other retailers to the area. At the same time, this ensures the long term viability of the site, creating long-term returns for our investors by improving the building and securing a high quality brand as a tenant.”