Standard Life launches Lincoln scheme Standard Life Investments has lodged a planning application with the City of Lincoln Council for the redevelopment of the St Marks site, which currently houses a shopping centre and retail park on either side of the River Witham. Under the proposals the existing 34 units would be replaced by 355,000 sq ft of retail, 82,500 sq ft of F&B, 1,100 student housing units, 150 flats, a 130-room hotel and an 1,100-space multi-storey car park. The scheme could potentially house a multiplex cinema as well. A public consultation in November 2016 received overwhelming local support with nearly 90 per cent of people who provided
feedback on the proposals saying they welcomed the development. David Stewart of Standard Life Investments said: “We’re confident that our proposals have the potential to significantly enhance this important gateway to the city centre by attracting new retailers, creating new investment and housing, and generating between 1,400 and 2,000 new jobs in Lincoln. We’re very encouraged by the positive reaction we’ve received to date from local people.” If planning permission is granted and other key milestones are achieved, work could begin in 2020 with the entire project potentially being completed by the end of 2023 or early 2024. Montagu Evans is advising Standard Life.
House of Fraser signs in Chester
Cheshire West and Chester Council has signed House of Fraser and a four-star Crowne Plaza hotel and spa for the Chester Northgate development in Chester city centre. House of Fraser has signed an agreement to open a new 100,000-sq ft store while an agreement has also been signed with the owners of the Crowne Plaza hotel to relocate within the Chester Northgate development. The new 167-bed hotel will also feature a rooftop
Asset Space has been instructed by Hammerson on commercialisation initiatives at Grand Central in Birmingham while the Crown Estate has appointed Access Point at Fosse Park in Leicester. Grand Central, which launched in 2015, sits above Birmingham New Street Station and links into The Bullring. Asset Space will be working closely with Hammerson to create diverse and vibrant mall activity that enhances the customer experience. Asset Space has also recently been appointed on the commercial income management at The Grosvenor Centre in Northampton as well as Eagles Meadow in Wrexham meaning it now operates on 25 shopping centres and 78 retail parks throughout the UK and Ireland. And at Fosse Park, the Crown Estate is boosting its customer proposition by entering a new partnership with Access Point Commercialisation. The 560,000-sq ft shopping park recently underwent a revamp which saw Primark, Pandora, Superdrug and JD Sport added to the brand mix. Further refurbishment will enhance the shopping experience with new fascia and improved pedestrian areas and commercialisation will be the next step to add engagement, variety and entertainment to Fosse’s customer journey.
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restaurant and will include both a spa and a 600-capacity conference facility, the biggest in the city. As well as the department store and hotel, Chester Northgate will provide a six-screen Picturehouse cinema, around 70 stores, cafés and restaurants, more than 70 homes, and the city’s largest car park. Chester Northgate is being developed by Cheshire West and Chester Council, assisted by development manager Rivington Land.
MARCH 2017 SHOPPING CENTRE