Thursday, March 14, 2013

News: Deal signed for Bellows Road development

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Caddick Developments has signed an agreement with Rotherham Council that will see the Bellows Road Shopping Centre in Rawmarsh redeveloped into five new units covering approximately 8,500 sq ft.

Tesco, Heron Foods, Staniforths Bakers and Vantage Chemist have already signed up for the long awaited scheme with work scheduled to start on site at the end of April with the demolition of the current Joblot premises. Building work is then due to be completed by the end of October allowing for the tenants' fit-out in time for a pre-Christmas 2013 opening.

Once business tenants have moved Rotherham Borough Council will then close and demolish the current Bellows Road centre in preparation for a residential development. The housing phase of the development had been allocated over £4m from the Housing Market Renewal Pathfinder but this national fund was withdrawn by the coalition government.

Rotherham Borough Council decided to use its compulsory purchase powers in 2009 with a view to redeveloping the shopping centre. As well as acquiring interests in the centre it has also been assisting tenants to relocate elsewhere.

The authority has being working with Caddick Developments to formulate plans for the new retail parade and they have now reached the point when Caddick is in a position to lease part of the Bellows Road site to accommodate the new retail parade. The Wetherby-based developers are expected to fund the retail development.

Myles Hartley, director of Caddick Developments Ltd. said: "We have been delighted to work with Rotherham Borough Council to bring forward these proposals that will see the construction of the new parade that will bring a new exciting shopping experience to the people of Rawmarsh. The new parade will include both well-known national retailers such as Tesco and Heron Foods as well as local retailers such as Staniforths Bakers and Vantage Chemist."

Caddick Developments website

Images: Caddick

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