Swedish retail giant IKEA has confirmed that it has signed up as part of submitted plans to open a store on a new development in Lancashire.
The new retail park, known as the Cuerden strategic site, is situated at the start of the M65, near Preston, and could potentially create over 4,500 jobs.
IKEA has agreed for a space at the site, which can also hold up to five other large format units for national retailers.
The development, which is in partnership between Lancashire County Council, Eric Wright Group and Brookhouse Group, is one of the Preston, South Ribble and Lancashire City Deal’s major projects and has the potential to generate significant economic and employment benefits for the area.
Stephen Proudley, director at Lambert Smith Hampton which is advising Lancashire County Council and Eric Wright Group, commented: “Following IKEA’s decision to locate its proposed third store in the North West region at the Cuerden strategic development site, we anticipate significant interest in the rest of the scheme.
“There are a number of best-in-class retailers with long-standing requirements for flagship stores seeking locations in the Lancashire region to add to and complement their existing store portfolios. We also expect interest from a number of operators and brands that are new to Lancashire.”