Home RSS
Real Estate

UK Commercial Property Trust unveils big plans for Shrewsbury

Natasha Roberts Share Cast
UK Commercial Property Trust unveils big plans for Shrewsbury - United Kingdom - commercial property

LONDON (SHARECAST) - UK Commercial Property Trust (UKCPT) has unveiled plans for a £150m redevelopment of Shrewsbury town centre, Shropshire, combining its three shopping centres into a single, combined centre called New Riverside.

UKCPT has submitted a planning application to Shropshire Council, requesting permission for the regeneration project, which will includes the demolition of the existing Riverside centre and the construction of a new 225,000 sq ft centre that will be integrated with the Darwin and Pride Hall centres and provide stronger links to the town centre. 

The plans include a new department store, 50 new shops, 10 restaurants, offices and car parking. 

Subject to planning consent being achieved and the signing of pre-lets with tenants, the redevelopment is scheduled for completion in 2016. 


Disclaimer: The information presented and opinions expressed herein are those of the authors and do not necessarily represent the views of Estates Report and/or its partners.