Partner Article
Eastbourne shopping centre to receive £70m facelift
Eastbourne’s Arndale shopping centre has gained approval for a £70m redevelopment project, in a joint venture between Legal & General Property Group and Strathclyde Pension Fund.
The developers, Performance Retail, were given permission by Eastbourne Borough Council after the plans were unveiled last month.
Renovation on the retail centre will see around 22 new ground floor shops over 175, 000 sq ft and the creation of jobs, with retailer River Island joining the complex elsewhere in the existing shopping park.
Construction will begin in two years time, as the firms involved set about planning the development.
Simon Russian, Head of Retail Development at Legal & General Property, said:“The Eastbourne Arndale Centre has the potential to be an attractive gateway into the town.
“There is a strong demand for new retail space in Eastbourne and the expansion of the Arndale will act as a catalyst to attract more regeneration and investment in the town centre.”
Upto 650 new jobs could be created by the venture, giving a boost to the local economy as well as redesigning an entire wing of the complex.
This was posted in Bdaily's Members' News section by Miranda Dobson .
Enjoy the read? Get Bdaily delivered.
Sign up to receive our popular morning London email for free.
The true value of HR in an AI-driven working world
What new business rates guidance means for pubs
Business success starts with people investment
It's time to confront the digital poverty crisis
Why a business exit is no longer all or nothing
Culture is the foundation for sustainable growth
Business must help young people take root in work
Purposeful procurement for long-term growth
Time to rethink outdated views on apprenticeships
The scale-ups rocketing through our fast world
Care about the experience, not just the outcome
The rise of an alternative investor model