Fashion chain H&M has agreed to move into the £85 million Arndale redevelopment.
The popular store, which has outlets in nearby Brighton, will take up a 23,000 sq ft site as one of the anchor units in the planned extension, over the ground and first floor.
Legal & General Property announced the news today (Wednesday, January 15).
In 2012, approval was granted by Eastbourne Borough Council for a £70 million extension to the Centre in order to create an additional 175,000 sq ft of retail space, arranged over 22 new ground and first floor units, as well as further car parking spaces and a new pedestrian access on to Terminus Road.
A revised application, which includes seven restaurants and a cinema, was submitted in December 2013 and is due to go before the planning committee in March 2014.
The proposed additions to the scheme would raise LGP’s total investment to £85 million.
The Arndale Centre, which is ranked 11th out of a list of shopping centres in the South East, is visited by more than 17 million people a year.
Subject to planning consent, the extension is due to start on site in early 2015 and reach practical completion by the end of 2016. Once constructed, this major town centre regeneration project is expected to create of 700 full time jobs and provide a boost to the local economy.
Simon Russian, head of retail development at Legal & General Property, said, “The first tenant to be unveiled as an anchor for the new Arndale Centre development, this is an important step forward for the town and demonstrates that major brand retailers will come to the town centre if bigger sized units that meet their requirements are made available.
“We are currently in discussion with a number of other existing fashion brands, as well as a cinema and several restaurant operators, and hope to make further announcements in due course.”