Hammerson has completed the first substantial phase of repositioning works at The Oracle with the transformation of the former western department store into three new brand offers, reaffirming The Oracle in the top 20 UK retail hierarchy. The third and final letting is for a best in class new 40,000 sq ft regional Zara. This completes the earlier signings with Hollywood Bowl which is due to open in July on the Riverside, and TK Maxx which opened in May. A total of 120,000 sq ft of space has now been repositioned.

Launching in the first half of 2026, the new 40,000 sq ft Zara is the latest example of best in class operators investing in larger and improved stores. This significant upsize of its existing store will include the latest concept and digital features to deliver a seamless customer experience. It will offer visitors a full range of womenswear, menswear and childrenswear.

The relocation of TK Maxx into The Oracle represents the trend of retail consolidation across the UK and its opening in May led to queues and boosted footfall, with customers drawn to the brand’s considerable line-up of home and fashionwear. Hollywood Bowl’s £4.5m fit-out concludes this summer when its 24-lane entertainment space opens, adding more reasons to visit The Oracle, day and night, providing a new and exciting draw to the catchment.

Elsewhere at The Oracle, new lettings have recently been signed with Jewells, ProCook and Kiko as part of renewing the retail offer and mix, as well as with Shake Shack and Cosy Club, continuing to bring the best new dining and social uses to The Oracle.

Harry Badham, Chief Development and Asset Repositioning Officer at Hammerson, commented: “Completing this first significant phase of repositioning at The Oracle with a regional best in class Zara builds upon the successful partnership we have developed with Inditex elsewhere across our portfolio. We are confident, based on our track record, that the completion of this phase will hugely benefit customers and underpin the future retail evolution of The Oracle, firmly establishing its place as a top UK retail destination with its catchment of 3 million people. We won’t stop here and are continuing to invest in the next phases of repositioning, putting The Oracle on the map for customers and brands.”