| 11 November 2005 |
Communications Team
Town Hall
Peterborough
PE1 1HG
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Telephone: 01733 452304
Facsimile: 01733 452369
Our Ref: 05/11/ML
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£50 million plans for Brotherhood Retail Park submitted
Fifty million pound plans for refurbishment and expansion of
the Brotherhood retail park in Peterborough have been submitted to
Peterborough City Council.
The proposals involve:
- Demolition of three existing retail units (Curry's, JJB Sports and Conway Pine) and construction of four new units with a gross internal floor area of 3,716 sq m (40,000 sq ft);
- Construction of a health and fitness club with a retail unit giving a total floor area of 4,644 sq m (50,000 sq ft);
- An extension to the existing Paul Simon store;
- Construction of a fast-food restaurant for which permission has already been granted;
- Refurbishment of other retail buildings and car parking/servicing areas; and
- A reduction in car parking spaces from 699 to 510.
The application has been submitted by Arlington Securities,
one of Europe's leading independent investment management and
property services businesses, which manages Brotherhood retail park
on behalf investment clients. Meghan Allen, from planning
consultants Malcolm Judd and Partners, said that if planning
approval is received construction work could begin by summer
2006.
On Tuesday (8 November) members of the city council's Planning and
Environmental Protection Committee deferred making a decision on
plans for large B&Q and Matalan stores at the Boulevard retail
park so that the impact of the Brotherhood retail park proposals
could be considered.Plans to relocate the existing 2,935 sq m (31,580 sq ft)
B&Q and 2,787 sq m (30,000 sq ft) Matalan stores from East
Station Road are an essential element in £150 million
proposals for redevelopment of Peterborough's River Nene South
Bank, where the existing stores occupy two key sites.
Full planning permission was sought by Land Securities
Portfolio Investments Ltd for a new 9,699 sq m (104,000 sq ft)
B&Q store with an associated 1,858 sq m (20,000 sq ft)
builders' yard and 2,787 sq m (30,000 sq ft) garden centre; a
new 4,087 sq m (53,660 sq ft) Matalan store; and 833 car
spaces.
The Brotherhood retail park application is not yet complete
and public consultation on the proposals will not start until
outstanding information is provided.
Ends.
Media Contact: Mike Lennox, Media Relations Manager on (01733)
452304.
Note to editors:
- Arlington Securities Plc is one of Europe's leading independent investment management and property services businesses operating across UK, European and international markets. It is one of the largest independent property investment managers in the UK with £6.7billion (€10bn) under management.
- Arlington's property investment management team was formed in May 2004 with the merger of the existing Arlington fund management business into the UK and Continental European property investment management arm of Aberdeen Asset Management PLC. The team is authorised and regulated by the Financial Services Authority.
- Arlington's property services team provides development and property services solutions to corporate customers and occupiers - both on and off Arlington business park locations in the UK and internationally. These services cover the entire property lifecycle, from appraisal, acquisition, planning, development and marketing, to occupational services and asset management for investor and occupier customers.
For more information about Arlington contact: Will Spratt/
Lucie Lohrey/ Jacqueline Ray/ Cressida Robinson at the Arlington
Press Office Telephone: +44 (0) 20 7072 4061/4247/ 4291/ 4116 or
visit www.arlington.com