Thursday, September 4, 2014

News: Developers confirm deals at new Rotherham retail park


Gregory Property Group has confirmed that it has agreed terms with a discount homewares store, shown to be Home Bargains, to take 15,000 sq ft at its proposed retail park on Great Eastern Way, Rotherham.

Rothbiz reported last month that the third unit at a new retail development at Parkgate in Rotherham is under offer to Home Bargains. Aldi is taking the largest unit at 16,544 sq ft and Iceland is taking the adjacent 7,000 sq ft unit.

Land owners, Ron Hull, the Rotherham recycling experts, teamed up with Leeds-based developers, Gregory Projects to secure outline approval for a 16,000 sq ft discount food store together with 30,000 sq ft of additional retail and leisure facilities along with 200 car parking spaces.

Details of the first phase of retail development on the site of a former car showroom at Parkgate have recently been approved. Plans have also been submitted for details of the smaller fourth unit of 2,500 sq ft which can be split into two. A takeaway food operator is discussing terms for one and Heads of Terms are close to being agreed on the other.

Richard Tovey, director at Gregory Property Group, said: "Securing three major operators with a fourth deal at an advanced stage gives us confidence to commence development. We hope to start work in November with a nine month build period giving completion in summer 2015.

"The development fulfils a local need for easily accessible discount food shopping as the provision was lost to the area when Netto was taken over by ASDA. The site has been vacant for years so we shall be pleased to bring it back into use for the benefit of the Parkgate community."

GVA in Leeds is advising Gregory Projects on the lettings and the Sheffield office of Knight Frank is acting for Ron Hull Jnr.

Gregory Projects website

Images: Gregory Projects


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