£100 million to take Watford to Top 20

£100 million to take Watford to Top 20

Tenders will be invited in summer for the redevelopment of Watford town centre and its existing shopping centre Intu Watford after planning permission was granted for the £100 million scheme by Watford Borough Council.

 

The development aims to create a Top 20 UK retail destination by refurbishing the existing shopping centre and integrating it with the neighbouring Charter Place shopping centre which is to be substantially demolished and redeveloped, creating 1.4 million sq ft of retail and leisure properties. The plans also include restaurants, a new cinema and a public square to be used for street theatre and music performances.

 

Construction is to start during 2015 and complete in 2017. Bids will be invited for the main demolition and construction contracts in July and construction will start in May next year.

 

The development will create around 1,125 new jobs across the retail, hospitality and leisure sectors, and up to 630 construction jobs will be supported during the construction phase.

 

The existing shopping centre was built in 1992, intended to be a rival to Brent Cross and originally called the Harlequin Centre. Intu was formerly known as Capital Shopping Centres Group.

 

The scheme's senior asset manager Charlie Griffiths said: “The £100m investment across both shopping centres in Watford will completely transform the town's position in the UK retail rankings, placing it firmly in the top 20.

 

“The redevelopment will create the very best destination in North London to shop high quality brands and spend leisure time. Our plan is to bring more customers, from further, for longer.”

 

Photo: Intu Watford

Please rate

Comments 

Ctrl + Enter

Most Read

80% of IT projects in public sector delayed due to IR35

80% of IT projects in public sector delayed due to IR35

The vast majority of UK government IT projects are suffering severe delays due to freelancers quitting over the IR35 tax clampdown. In April, the government shifted responsibility for compliance with the IR35 legislation from the individual contractor to the public body or recruitment agency. The

Innogy and Statkraft win contract at 860 MW UK wind power plant

Innogy and Statkraft win contract at 860 MW UK wind power plant

Norway’s state-controlled hydropower company Statkraft and Germany-based energy company Innogy have won a tender in the Contract for Difference (CFD) auction in the UK for their 860 MW Triton Knoll offshore wind power project.The wind farm off the coast of

Is there a post-Brexit salary rise? It looks like it...

Is there a post-Brexit salary rise? It looks like it...

Following the Brexit vote in June last year, many experts predicted that markets would continue to fall leaving salaries stagnating and even falling in some sectors. Data shows the pace at which new jobs are being created is still slower than in 2014, with economic growth affected by the

This website uses cookies to enhance your user experience. By continuing to use this site, you consent to our use of these cookies. See our Cookie Policy.