Standard Life Investments has announced that the retail element of Parkway, its 475,000 sq ft mixed-use development in Newbury, will open in Autumn 2011.
With the anchor tenants Debenhams, Marks & Spencer and H&M already signed up and New Look now exchanged on the final major store of approximately 20,000 sq ft, coupled with strong retailer interest in the scheme generally, the new opening date will ensure that a critical mass of occupiers will open on day one. Parkway will therefore be best placed to immediately position Newbury as a major retail destination in its region.
Parkway will transform the Newbury shopping offer with a new department store, two large stores of over 20,000 sq ft and more than 50 shops and kiosks. The project also incorporates new restaurants and cafés, a 734-space underground car park and 184 new apartments. It is one of only three shopping developments opening in 2011.
The residential element of Parkway, which is already proving popular, will complete in phases commencing Autumn 2011.
Shearer Property Group is development manager for the Parkway scheme. Letting agents are Strutt & Parker and Jones Lang LaSalle.
0 comments