Unsupported browser

For a better experience please update your browser to its latest version.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Plans unveiled for £150m Shrewsbury mega mall

  • Comment

A planning application has been submitted by Chapman Taylor for a £150 million regeneration project to replace Shrewsbury’s three existing shopping centres with one giant new mall

According to the AJ’s sister publication Construction News, developer UK Commercial Property Trust has drawn up the plans that would see the existing Riverside centre demolished and replaced with a new 225,000 sq ft building which would be integrated with the Darwin and Pride Hall facilities.

The enlarged centre will extend to 48,000m² and feature a 9,500m² department store, 50 new shops, 10 restaurants, offices and car parking.

Subject to planning consent being achieved and the signing of pre-lets with tenants, the redevelopment is scheduled for completion in 2016.

UKCPT believes that Shrewsbury has significant potential as a retail destination, as a sub-regional county town with a large, affluent catchment area, where no new retail space has been built in the past 20 years.

The planning application follows a period of consultation with the council as well as a public exhibition.

UKCPT chairman Christopher Hill said: ‘The New Riverside project in Shrewsbury is a significant project for UKCPT, and a transformational scheme for the town. In conjunction with its development manager, Shearer Property Group, UKCPT has a wealth of expertise and experience in active asset management of retail property. 

‘We have been able to draw on those skills in assembling this site and creating an exciting, deliverable scheme with the potential to achieve significant value on behalf of our shareholders.’

  • Comment

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions.

Links may be included in your comments but HTML is not permitted.

Related Jobs

AJ Jobs