News: Powell Williams hands over £6m retail park expansion at Strood to Ropemaker Properties
Five new retail units have been completed at the Strood Retail
Park in Medway, Kent. A total of 57,639 sq.ft of new space has been
created following the closure and demolition of the former 34,616
sq.ft B&Q store.
Powell Williams project managed the demolition and new build,
and acted as employers' agent on behalf of the retail park's owner,
Ropemaker Properties Ltd.
The development also included works to reconfigure the highways
access, car park layout and improve pedestrian access, to provide
better links with the town centre.
From left to right: previous B&Q store,
during works and the completed units.
A great choice for consumers
The units have now been handed over to their
respective tenants for fit out, and openings are expected over the
next few months. These include:
- Marks and Spencer, which has taken 15,332 sq.ft;
- B&M which has a 21,511 sq.ft store;
- Maplin which has 4,083 sq.ft; and
- The Gym which will occupy 15,247 sq.ft
A deal for the final 1,466 sq.ft unit has just this week been
agreed with Starbucks.
The new stores will extend the range of shopping for consumers
at the park, which is already home to Next, Argos, Brantano,
Carpetright, Poundland, Matalan and KFC.
The project team ensured access to all existing stores was
maintained throughout, and worked hard to reduce disruption during
the car park upgrade and highways works.
Regeneration for Strood
Powell Williams oversaw the project from the beginning,
appointing the team, managing the project from conception to
completion, and undertaking the principal designer role on behalf
of the client.
Partner Darren Ward said:
"Practical completion of the construction phase brings the opening
of these highly-anticipated new stores another step closer.
The closure of B&Q provided the opportunity to rework the
layout and make more of both the retail space and car park.
Replacing one large unit with five smaller ones not only improves
the lease potential and rental yield for the client, it provides
significantly more choice for shoppers here at Strood.
We've worked closely with the local council over the design of
the car park and highways improvements to align with their plans
for other local works, and which will hopefully be appreciated by
users of the retail park. I'm pleased with the whole project team
in delivering this scheme over the last 18 months, and look forward
to seeing the stores open to customers soon."
A delighted client
Paul Hillier, from Ropemaker Properties Ltd, said:
"We've invested £6m in extending and improving the retail offering
at the Strood Retail Park and, thanks to the combined efforts of
the construction, legal and lettings teams, feel we have achieved a
high quality mix that complements the existing stores and provides
a wealth of choice for shoppers in Strood.
Powell Williams has looked after this project for us from the
start and we're extremely pleased with the professional way the
team responded throughout, particularly to the challenges of
amending designs during the project in order to meet new tenants'
requirements. We can't fault the team's commitment to delivering
our business plan, and ensuring we can maximise the value and
returns of our asset."
For more information regarding this project contact Darren Ward.