What: Following Debenhams’ bankruptcy, some of its stores are attributed a new purpose.

Why it is important:  the project is a good example of the new urban deployments, mixing hospitality with entertainment. With the exception of the 20,000 sqm retail space planned in Paris, this project is similar to what La Samaritaine promises to be once it opens.

The Debenhams store, in the Princess building erected in 1869, closed following to the company’s failure, is set to be redeveloped into a hotel and restaurant, expected to open in 2024. The project will cost GBP 50 million and cover all 10,800 sqm of retail space.

It is widely expected to contribute to the local community and city centre life.

Debenhams' Edinburgh store to convert into boutique hotel