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The Ultimate Guide to Investing in Cheshire & Warrington

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NORTHGATE<br />

STRUTT & PARKER HAS BEEN<br />

APPOINTED TO PROVIDE STRATEGIC<br />

ADVICE ON FUNDING THE DELIVERY OF<br />

CHESTER NORTHGATE, A £300<br />

MILLION RETAIL AND LEISURE SCHEME.<br />

Strutt & Parker, one of the UK’s lead<strong>in</strong>g commercial<br />

property consultants and specialist retail development<br />

advisor, has been appo<strong>in</strong>ted <strong>to</strong> provide strategic advice on<br />

fund<strong>in</strong>g the delivery of Chester Northgate.<br />

Chester Northgate will transform the city centre through<br />

the development of a new 500,000 sq ft shopp<strong>in</strong>g, leisure<br />

and residential quarter.<br />

<strong>The</strong> retail-led, open streetscape, mixed use scheme is<br />

be<strong>in</strong>g developed by <strong>Cheshire</strong> West and Chester Council,<br />

assisted by development manager Riv<strong>in</strong>g<strong>to</strong>n Land.<br />

<strong>The</strong> £300 million scheme, which will return Chester <strong>to</strong> its<br />

position as one of the UK’s lead<strong>in</strong>g <strong>to</strong>p 50 retail<br />

dest<strong>in</strong>ations, will be anchored by House of Fraser, the<br />

premium department s<strong>to</strong>re brand, who has agreed <strong>to</strong> take<br />

a 100,000 sq ft s<strong>to</strong>re.<br />

<strong>Cheshire</strong> West and Chester Council has also secured<br />

Picturehouse for a six-screen c<strong>in</strong>ema, with Crowne Plaza<br />

relocat<strong>in</strong>g <strong>to</strong> a new 167-bed four-star hotel, <strong>in</strong>corporat<strong>in</strong>g<br />

a 600 capacity conference facility, spa and roof terrace<br />

restaurant.<br />

Chester Northgate, sitt<strong>in</strong>g adjacent <strong>to</strong> the new S<strong>to</strong>ryhouse<br />

theatre and cultural centre, will revitalise the city centre’s<br />

retail offer and shopp<strong>in</strong>g experience, also provid<strong>in</strong>g<br />

around 70 retail s<strong>to</strong>res, cafes and restaurants, <strong>to</strong>gether<br />

with a new market hall, over 800 shoppers’ car park<strong>in</strong>g<br />

spaces and more than 70 residential apartments.<br />

Construction of the first phase of the scheme, for which<br />

plann<strong>in</strong>g permission was granted <strong>in</strong> September 2016, will<br />

commence <strong>in</strong> 2018, with completion of Chester Northgate<br />

scheduled for late 2021.<br />

<strong>Cheshire</strong> West and Chester Council will be look<strong>in</strong>g <strong>to</strong> br<strong>in</strong>g<br />

on board private sec<strong>to</strong>r <strong>in</strong>vestment for the project at an<br />

appropriate time.<br />

www.chesternorthgate.com<br />

34

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