Investment firm vows to help town avoid ‘retail apocalypse’
Chesterfield has the “raw ingredients” to adapt and thrive in the face of the national “retail apocalypse,” claims the new owner of the town’s Vicar Lane Shopping Centre, ALTERIS.
“People still want shops, but,” said Bert Broadhead, director of ALTERIS, “curating them better and creating a personalised experience for town centre visitors is the key to a successful post digital high street.”
Broadhead was speaking at the town’s annual Celebrate Chesterfield event, organised by Destination Chesterfield, and held yesterday (Wednesday 20 March) at the Winding Wheel.
The property fund company now has ambitious plans to transform the town’s Vicar Lane Shopping Centre which it bought out of administration last month. It plans to create “a new town centre retail model for the post e-commerce world”.
He added: “Chesterfield is already ahead of many town centres in the UK in terms of delivering a town centre experience to visitors. People no longer want identical, faceless town centres. They want a variety and mix of shops – both chain and independent stores as well as events which can engage the whole family.”
Plans to develop Vicar Lane have been driven using Facebook, which ALTERIS is using to engage the local community and help them inform the redevelopment of the shopping centre.
Colour, seating, events and high speed internet are all set to be introduced to Vicar Lane Shopping Centre over the next six months. ALTERIS has also identified independent retailers as being key to the future success of the shopping centre.
Appealing to independent retailers attending the packed event, Broadhea added: “We want to work with local, independent retailers and have made a number of units available with short term flexible leases to support them.” Work on the new look Vicar Lane will start later this year.
Huw Bowen, chief executive of Chesterfield Borough Council revealed that the council will be submitting an application to the government’s Future High Streets Fund to sustain and grow footfall on the high street. As part of the funding bid, Chesterfield Borough Council plans to introduce universal Wi-Fi provision across the town centre.
He said: “Our retail occupancy levels are holding up well – 92 per cent compared to 88 per cent nationally, however, it’s a journey and we need to keep going.”
Last year the council approved plans to convert the former magistrates court into 32 apartments, create 10 apartments at 1-3 Knifesmithgate, demolish the former headquarters of North East Derbyshire District Council to make way for 64 retirement homes, and convert the historic building at 87 New Square into nine luxury apartments.
