Construction go-ahead for £70m Stafford retail sites

Grant Prior 12 years ago
Share

Developer LXB Retail Properties has secured planning permission for two developments worth £70m in Stafford.

Construction is scheduled to get underway this summer at the Riverside and Kingsmead sites where anchor tenants have already been signed-up.

An edge of town centre retail scheme will be built at Riverside comprising about 200,000 sq ft of space and 1,200 car parking spaces.

M&S has signed a pre-let for a 25 year lease to anchor the scheme in a 65,000 sq ft two storey unit.

The Kingsmead development will include a 71,500 sq ft foodstore, 14,000 sq ft of associated retail space and 460 car parking spaces.

LXB has signed a pre-let with Morrisons for a 25 year lease of a new foodstore together with a petrol filling station on the site.

The developer said discussions are continuing with a number of retailers in respect of the other units at both Riverside and Kingsmead.

Tim Walton CEO of LXB Manager LLP said: “We are delighted to receive the council’s support.

“These are two extremely well located sites for which there is significant tenant demand. Both will significantly enhance the retail facilities in Stafford Town Centre and provide a major boost to the local economy.”

Mike Heenan, Leader of Stafford Borough Council said: “This is an important and very welcome investment to the Borough’s economy and we are really pleased the plans have now been given the go ahead.

“Recent focus has been on the problems experienced by town centres up and down the UK.  This scheme bucks that trend bringing significant new retail presence to our centre as well as hundreds of new jobs.”

Latest news

Contract race starts for next £155m section of A9 dualling

Prior Information Notice published for Tay Crossing to Ballinluig stretch
12 hours ago

£55m Sheffield build-to-rent scheme approved

Demolition to start later this year for 158-flat Sheffield Garden project
11 hours ago

London back as most expensive place to build in world

Capital leapfrogs Geneva to top costliest construction rankings
17 hours ago

Gas supplier Regent to buy TClarke for £90m

£491m turnover listed building services specialist to be sold
19 hours ago

Steel contractor Billington launches into bridge market

Steelwork firm hires staff from failed architectural and bridge specialist SH Structures
19 hours ago

McGee employees benefit from rise in profits

Pre-tax profit doubles boosting payouts for Employee Ownership Trust
19 hours ago

Lendlease veteran is latest new McAlpine director

Paul Sims joins as Operations Director after 40 years at rival contractor
1 day ago

Costain signs site labour supply deal with four firms

Contractor to use only a quartet of providers for temporary labour supply
20 hours ago

BAM go-ahead for Leeds 200,000 sq ft office

Latitude Yellow will complete final plot at Doncaster Monk Bridge site
1 day ago

VolkerFitzpatrick wins £30m logistics job

Latest deal to build five distribution units for Prologis UK
2 days ago

Trio win new Scape utilities consultancy framework

Perfect Circle, AtkinsRéalis and Arcadis win places on
20 hours ago

Precast firm FP McCann cleared after immigration raid

Home Office takes no action after public raid on construction site
2 days ago

Wates-owned SES restructure delivers record profit and revenue

Building services contractor revenue soars to almost £300m
2 days ago

25 groundworks firms win £100m Places for People deal

M&J Evans, Carmac and Churngold Construction feature in housing association's line-up
2 days ago

Energy efficiency firms angry at lack of CITB support

SME contractors funding bid "does not meet the current criteria for supporting productivity or EDI"
2 days ago

£400m South Cambridge science park approved

Outline approval allows former sewage treatment works to be demolished
2 days ago

McLaren gets green light for 45-storey Leeds tower

Landmark Wellington Square scheme will see 464 flats built with 360,000 sq ft of offices
5 days ago

Heavy rain causes 1.9% construction output fall

Hopes remain undampened of a resi-led recovery this summer
5 days ago

Taziker restruture to return to profitability after £1.2m loss

Founders bought the business back from private equity after last year's loss
5 days ago

£220m London wharf homes scheme approved

285 homes to be built beside protected Albert and Swedish Wharves in Wandsworth
5 days ago

Major project veteran named civils director for Sizewell C

David Speight previously worked on Hinkley, Heathrow and HS2 client teams
5 days ago

Morgan Sindall lands £19m Milton Keynes hospital job

Crane lifts to be carefully co-ordinated to ensure air ambulance remains active
5 days ago

Clancy bolsters civils leadership team

Daniel Tonkin and Simon Hyams join as operation directors of water and infrastructure
6 days ago

Balfour names new project boss for HS2’s super-hub station

Steve O’Sullivan replaces Nigel Russell who was promoted to CEO of Balfour's HS2 ops
6 days ago

Buckingham Group supply chain hit doubles to £256m

Total owed to unsecured creditors soars as surety providers finalise claims
6 days ago

Builders demand an end to police plant bans

Call to suspend all embargoes on moving mobile cranes and large site kit
6 days ago

Green light for £65m Blackpool multiversity campus

Education campus of 350,000 sq ft will be delivered in phases
6 days ago

Vinci signs £138m Sheffield steel forge expansion deal

Sheffield Forgemasters signs landmark contract after two years of pre-construction works
6 days ago

McAlpine hires HS2 programme boss to head defence arm

Armed forces logistics expert Mike Hickson takes role as MD of defence
7 days ago

£200m carbon capture plan for Deeside site

Energy from waste operator enfinium looking to invest in North Wales plant
6 days ago

Contractor services