NEWS & EVENTS

10/07/2017

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.

Strood Retail Park completion

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.

Strood Retail Park before and afterFrom 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.

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