Fenwick has pulled out of discussions to take over the former House of Fraser store in Guildford.
The department store chain had been in talks with landlord Canada Life for the 185,347 sq ft unit, following House of Fraser’s departure in September.
However, Fenwick has now terminated discussions regarding the store on Guildford High Street, Retail Week has reported.
Last year, Fenwick sold its flagship store on New Bond Street to Lazari investments for £430m. The department store retailer said it had shifted its focus to strenghtening its regional presence.
The future of the Guildford building now remains uncertain. Past rumours have speculated that the upper levels of the six-storey building could transformed into residential accommodation, with the lower floors remaining as retail units.
Following the closure of House of Fraser, the Surrey town has now been left with no department stores following Debenhams’ departure in May 2021.