Colliers Global Investment Properties

MAJOR CATHEDRAL CITY CENTRE RETAIL OPPORTUNITYMAJOR CITY CENTRE DEVELOPMENT FUNDING OPPORTUNITY

For Sale

Property Address:

Property ID: 32

Northgate, Chester, United Kingdom, United Kingdom

Description:

ING Real Estate Development, working in conjunction with Chester City Council, has been granted detailed planning consent to proceed with a major new city centre retail and mixed use development located at the heart of the historic cathedral city of Chester. Our client, ING Real Estate Development, is seeking a joint venture development / investment partner for the scheme which is capable of starting on site early in 2009 with practical completion anticipated in 2012. The completed investment value is estimated at £470 million. The scheme, designed by Hopkins Architects and Chapman Taylor, will provide a major city centre regeneration opportunity comprising:

Features

• 46,500 sqm development incorporating a major new department store (pre-let to House of Fraser on a 35 year lease) of 14,920 sqm
• 2 large stores, 70 unit shops, 6 kiosks and 6 restaurants and wine bars
• 650 space multi-story car park, 123 residential units, 56 bed apart hotel, new library, theatre, market hall and integrated bus interchange

For further details contact:

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