St Marks gets green light Standard Life Investments’ proposed £150m redevelopment of St Marks has received outline planning permission from the City of Lincoln Council. The proposals include enhanced retail, new leisure space, better public realm, improved car parking, and a combination of student and residential accommodation. The consent provides for 485,000 sq ft of new retail and leisure as well as 150 new residential units; 1,100 new student residences; a 130-room hotel and an 1,100 -space car park. David Stewart of Standard Life Investments
said: “This is a tremendous outcome and we’re thrilled that that the council supports our vision for St Marks. Their decision reinforces our conviction that the proposed scheme will be a major boost for Lincoln. It’s a significant investment that we’re confident will improve the gateway to the city centre.” The next steps for the project will include developing detailed designs and a timeline for delivery. Once these and other key milestones have been achieved, work could potentially begin in 2020 with the full scheme being completed by the end of 2023 or early 2024.
Nettlefield quits Calendar Club As pioneering property director Bill Nettelfield stands down after 19 years to pursue other opportunities, specialist retailer Calendar Club is about to embark on its annual hunt to acquire over 270 short-term mall and shop units for Christmas 2017, together with 40 for its Halloween fascia to meet the rapidly growing demand for Halloween-related goods. Bristol-based Williams Gunter Hardwick will lead the search in the southern half of the UK, while Barker Proudlove of Leeds takes responsibility for acquiring units in the northern half. Around 160 mall units have already been secured to trade later in the year with the newly retained agents tasked with securing the required 110-120 shops across the UK for calendars, which are ideally 800 – 1,000 sq ft and a further 40 stores for Halloween at around 1,200-1,500 sq ft.
JULY 2017 SHOPPING CENTRE