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.
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.
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.
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