Marks and Spencer sign up to replace Sidcup co-op

Marks and Spencer have signed a pre-let agreement to replace co-op at a development site beside Sidcup station.

Earlier this year plans to demolish the existing building and construct a new shop and 59 flats were approved.

Approved this year

According to an advert placed by Acorn Property, Marks and Spencer have agreed to pay rent of £365,000 a year for 20 years. The co-op currently pay £164,000 a year in rent.

New block

One fly in the ointment though. The advert exists as the site owners who secured permission are now selling the site. No sale = no Marks and Spencer.

Adverts are far from enough to cover site costs and my rent.

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Many thanks

J Smith

I've lived in south east London most of my life growing up in Greenwich borough and working in the area for many years. The site has contributors on occasion and we cover many different topics. Living and working in the area offers an insight into what is happening locally.

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