Anchor retailer signs up to Thorpe Park
HIGH street retailer Next has agreed to take 18,000 sq ft at Thorpe Park Leeds’ retail and leisure development.
What was initially an 800,000 sq ft business park at Thorpe Park is being developed into a mixed-use scheme, with more major retailers promised to fill the leisure side of the site.
The retail element accounts for 300,000 sq ft of the development. Planning was granted last month for a 60,000 sq ft cinema, as well as 140 acres of parkland and sports facilities.
Thorpe Park Developments Limited, a joint venture between Scarborough Group International and Legal & General Capital, is starting on site at phase two which is set to deliver 1.3 million sq ft of mixed use accommodation.
In August 2015 Legal & General Capital committed £162m to the project becoming a 50:50 partner in funding for the development.
Redrow acquired a section of the site from Scarborough to enable it to build 300 new homes
31,650 sq ft Grade A office building is also being speculatively built. This will be the first of 940,000 sq ft planned for the site.
A Next spokesperson said, “Thorpe Park Leeds is a great location for Next with its dense population catchment and position on the strategic road network. We can see that it is already a vibrant environment that will be enhanced further with the extension of the business park, the new shops and restaurants, new homes and public space.
“We are very pleased to be involved in such an important project for the City of Leeds, and look forward to delivering our new store in this prominent location.”
IBM, National Grid, Kier, Laing O’Rourke, Atkins, BAM and United Utilities are currently tenants at Thorpe Park.
