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Gloucestershire Business News

Debenhams deal will not see flats in Gloucester store

Gloucester's city centre Debenhams store will not be turned into flats according to the city's MP.

Richard Graham and owners Aviva told BBC Radio Gloucestershire a deal to buy the building has been agreed.

Details of the buyers have not been revealed, but Mr Graham said plans for the building were exciting.

He said: "There's 20,000sq m of space inside this building, only a quarter of which was actually used by Debenhams.

"The new owner will make full use of the whole building and bring a lot of life and people into the centre of Gloucester in a way that I think everyone will very much approve of.

"I think it's really important because this is the biggest building in Gloucester by a long way and its future use is pivotal to the success of King's Square and King's Quarter."

Debenhams entered a liquidation process in December and the store remained open to sell remaining stock before it was forced to close by lockdown restrictions.

The company's brand and website was bought in a £55million deal by online fashion retailer Boohoo in January.

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