Henderson launches Bishop’s Stortford scheme
Published: 30 June, 2010
Henderson Global Investors has opened its pre-application consultation for its planned £105m retail-led regeneration scheme in Bishop’s Stortford, Hertfordshire.
Henderson, on behalf of its UK Property Fund, is drawing up plans to redevelop the 3.5-acre site in the north-east corner of the town centre, currently occupied by East Hertfordshire Council ‘Causeway’ offices, a public car park and the car park for the town’s Waitrose store.
The proposed scheme includes a new 30,000-sq ft department store at the south, on the junction of Bridge Street and Old River Lane, with the existing Waitrose store at the north end. It also has approximately 35 shops, of which nine will be smaller units designed for independent traders; two restaurants; a 6/7 screen digital cinema; a hotel; circa 85 residential units, consisting mainly of two bedroom apartments; and 600 parking spaces. It is expected that the construction phase will start with completion in 2014.
Cameron Fraser, manager of the Henderson UK Property Fund said: “The new scheme is designed to enhance the town and improve the facilities that are available to people in Bishop’s Stortford. We are trying to create a new quarter in the town centre which encourages visitors into the town and encourages them to linger, through the creation of new public squares, restaurants and new leisure facilities such as the digital cinema. Our objective now is to get the view of as many local residents and businesses as possible so that we can incorporate their views ahead of our planning application submission in the autumn of 2010.”