Selfridges, the upmarket department store retailer, plans to spend£90 million on its Glasgow store, which is due to open in 2007. The figure is double that spent on its latest store, which opened last month on Manchester's Exchange Square.
The retailer has paid£15.3 million for a site with potential for a new 18,580 sq m four-storey shop. The Glasgow outlet will be the fifth in the chain after the opening of a store in Birmingham's Bullring next year.
However, Selfridges believes there is the potential for up to 10 stores in the UK.
Future store locations may include Bristol, Leeds and Newcastle.