LATEST NEWS - NOVEMBER 2016
£150M CASTLE ACRES SHOPPING PARK PLANS RECOMMENDED FOR APPROVAL
Building work on a £150 million new retail and leisure development could start in 2017 if the plans for land next to Fosse Park are approved by Blaby District Council’s planning committee next week.
The planning application for Castle Acres Shopping Park will see the existing 12.5 acre Everards Brewery site redeveloped to create around 288,000 sq ft of high-quality floorspace for a range of new shops, restaurants and cafés with accessible links so shoppers can travel between the new facilities and Fosse Park.
The plans have been developed by Next and site owners Everards in collaboration with the Fosse Park Partnership. Originally submitted in June 2015, the plans were updated in April 2016 to improve the development’s offering for large format retailers, complementing the existing offer at Fosse Park.
Included within the plans is a new 90,000 sq ft landmark Next store, featuring an extensive Home and Garden range alongside its Fashion offering. TK Maxx has signed an agreement to take 34,000 sq ft of space and discussions are being held with a number of other potential partners.
The application has been recommended for approval by the Council’s planning officers and will be decided by local councillors at a meeting on 8 November.
If approved, the scheme will deliver up to 1,000 full-time jobs for local people, along with hundreds more during construction. The new park will generate over £29 million gross value from onsite activity annually, as well as estimated business rates revenue of £7.9 million per annum of which £2.3 million would be retained locally.
The approval of Castle Acres Shopping Park will also pave the way for Everards Brewery to relocate to a new, state-of-the-art food and drink park south of Soar Valley Way. Called Everards Meadows and employing over 300 people when complete, this new development will include a new brewery as well as offices, tasting rooms, a pub, restaurant, new retail shop and cycling centre. Detailed plans for the scheme were submitted to Blaby District Council in November 2015 and planning permission was granted in April this year.
The three partners behind the plans welcomed the recommendation for approval, which follows an extensive period of working closely with Blaby District Council, Leicester City Council, Leicestershire County Council and other statutory authorities to deliver the best possible development for the area.
Stephen Gould, Managing Director of Everards Brewery Ltd said: “This is a further step forward for Everards in terms of maintaining and reinforcing our long-standing commitment to the local community. By supporting the recommendation from their officers, the committee will unlock our aspirations to deliver a new state-of-the-art food and drink park, providing jobs and helping to support growth in Leicestershire.”
Dominic O’Rourke, Property Director at Next added: “Next has a long-standing relationship with the local area. By building a new landmark store, we will be able to enhance our offer locally and reinforce our position as a major employer in Blaby. We are excited at this latest news and hope the committee will support our plans.“
Speaking on behalf of the Fosse Park Partnership, Hannah Milne, Director of The Crown Estate’s Regional Portfolio said: “These proposals will further cement Fosse Park’s position as one of the best shopping destinations in the UK, while generating jobs and boosting the local economy.”
If you have any questions about our proposals, you can contact a member of the project team by using the contact details below.
Telephone: 020 7323 3544
Castle Acres Shopping Park
C/O 7 Bayley Street