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Mixed-use is no silver bullet for landlords

That has been brought into sharper focus since the start of the year, with the collapse of erstwhile high street stalwarts Arcadia and Debenhams, and John Lewis’ recent announcement that it would not be reopening some of its stores after lockdown. 

What this inevitably boils down to is an oversupply of units on the high street and in shopping centres. Marks and Spencer (MKS) this week revealed plans to redevelop one of its two flagship Oxford Street stores into a mixed use site. After demolishing the existing store, a new 10-storey building would include several floors or ‘Grade A’ office space, accommodation for leisure facilities and a pocket park - nominally a small green space accessible to the general public. 

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