Risk-controlled development
One of the key ways in which we generate income and capital growth is through our risk-controlled development pipeline. Our in-house development team works with stakeholders to obtain valuable planning consents, which we can develop ourselves or sell to crystallise a profit. Our risk-controlled approach means that we will not commit to developments without securing significant pre-lets or pre-sales.
Burgess Hill
In Burgess Hill, we are working closely with Mid Sussex District Council to regenerate The Martlets shopping centre, providing a modern and vibrant retail and leisure offer, as well as much-needed new homes.
The 465,000 sq ft scheme will have a reduced retail footprint compared to the current site, 172 residential units, a Travelodge hotel, a 10-screen Cineworld cinema and bowling alley, as well as a new purpose-built public library in the heart of the scheme.
Find out more
Cowley, Oxford
In Cowley, Oxford we are working closely with Oxford City Council to deliver a new retail and leisure development, enhancing the existing Templars Square shopping centre.
The 236,000 sq ft scheme will include 226 residential units, a 71-bed Travelodge hotel, two new restaurants and significant public realm improvements.
Find out more
Grays
We acquired Grays Shopping Centre in June 2018, as we recognised a significant value-creating opportunity for redevelopment at the site, which is located just 35 minutes from Central London by train.
Working closely with Thurrock Borough Council, we are bringing forward a redevelopment plan that will reduce and repurpose existing retail floorspace, increase public open areas and facilitate an improved pedestrian flow through Grays town centre, as well as providing over 500 new homes.
C-store development programme
We have an agreement with the Co-op to deliver up to 40 convenience stores ('c-stores') primarily on surplus pub land. We delivered our 25th c-store to the Co-op in the year ending 31 March 2019.
Find out more
Canvey Island Retail Park
In November 2018 we completed our 62,000 sq ft retail park development in Canvey Island, Essex, on a site which we acquired in July 2015 as part of the Ramsay portfolio.
The park was 75% pre-let at completion and has a retailer line-up comprising M&S Foodhall, Sports Direct, B&M and Costa.
Find out more
Wallsend
In 2017 we completed our redevelopment of The Forum shopping centre in Wallsend, North Tyneside, working closely with North Tyneside Council.
We delivered a Customer First Centre and Library for the council, as well as 50,000 sq ft of retail space, a 17,000 sq ft store for Aldi, a 1,500 sq ft drive-thru pod and a 214-space car park adjacent to the centre.
Find out more
