Mango to open flagship store at Basingstoke’s Festival Place

Mango is set to open a new store at Festival Place in Basingstoke later this year.

The fashion retailer’s 7,104 sq ft space features the brand’s ‘New Med’ concept, and offer a range of women’s and men’s clothing.

Mango joins over 180 retailers at Festival Place, and becomes the scheme’s first major signing since MDSR Investment’s acquisition of the scheme in April for £99.1m.

This latest opening forms part of Mango’s latest strategic plan, which includes a roadmap to expand the retailer’s store portfolio across the UK. The brand is aiming to open 500 stores before the end of next year, including 20 in the UK in 2025.

Ross Campbell, director and head of asset management at Festival Place, said: “The key focus of our asset management strategy since MDSR’s purchase of Festival Place has been to improve the fashion offering at the centre. Mango’s arrival marks a strong start to this programme. Being part of the brand’s growth ambitions is exciting, as it strengthens its presence in the UK this year with 20 new store openings, reflecting strong shopper demand for its offer.”

Neil Hockin, Joint Managing Director and Head of Leasing at Lunson Mitchenall, added: “It’s a significant milestone that Mango has chosen Festival Place for its flagship store – its offer aligns seamlessly with the customer demographic, and it fills a clear gap in the local market with the nearest store over 27km away. Across the high street fashion sector at LM, we’re witnessing increasing demand for prominent international brands, and Basingstoke reflects this trend strongly. This letting marks a key phase in our strategic asset management partnership with GCW and Estama to reinforce Festival Place’s standing as one of the UK’s premier retail and leisure destinations.”

Lunson Mitchenall and GCW are the joint agents for Festival Place.