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, 142 residential units, a 63-bed 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.
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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.
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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.
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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.
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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.
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