Stanhope selected for Gloucester project
Published: 30 January, 2011
Stanhope has been appointed for the retail-led regeneration of the Kings Quarter area of Gloucester city centre
The site, bordered by Bruton Way and Northgate Street, and covering King’s Square and the bus station, could incorporate up to 250,000 sq ft of new retail space. The scheme is likely to include new shops, bars and restaurants, residential and office facilities, as well as high quality public squares and spaces, parking and a brand new bus station.
Paul James, leader of Gloucester City Council and cabinet member for regeneration said: “Kings Quarter is the top regeneration priority for Gloucester City Council and will radically transform and upgrade a tired part of the city centre. Once delivered it will give a massive boost to the city’s economy and its performance as a shopping and leisure destination. These are early days and there is a long way to go but we are delighted to be working with Stanhope plc, which has a very impressive track record.”
Stanhope chairman Martyn Chase said “ Gloucester is a great historic city but it doesn’t currently have the right size and quality of units to satisfy modern retailers. It needs a quality King’s Quarter scheme to reach its full potential and get the city centre performing at its best. We have a strong track record in city centre development and are looking forward to getting to work on this project with Gloucester.”