Works begin at Gateway Retail park in Lowestoft
22/03/2018 - TPS
Construction works have commenced on site at the 70,000 sq ft Gateway Retail Park in Lowestoft.
Once completed, the scheme will consist of new retail warehousing accommodation, a drive thru and standalone retail pod, together with over 300 car parking spaces.
The scheme is already 85% let or under offer with occupiers including Costa, Aldi, The Range, Card Factory, Greggs, Subway and Jollyes Pets. There is one unit of 10,000sqft remaining.
Acting as Development and Project Managers on behalf of Freshwater Group, TPS secured planning for the development in April 2016 after Waveney District Council voted unanimously in favour of the scheme declaring it a positive step forward for the derelict site. Contractor, Stainforth Construction, is now on site carrying out demolition works.
Mark Newton, Development Director for TPS comments: “We are delighted to have finally started works on the Gateway Retail Park. The development will not only breathe life into a derelict site but will also bring a diverse and new range of retail offers to the town centre. The fact that we have started on site with most of the space pre-let is a testament to the hard work of the team involved. We are on course to complete the scheme in March next year.”
Mark Bee, Leader of Waveney District Council adds: “The scheme will create up to 155 new jobs whilst bringing an estimated £26 million to the area’s economy. The Council have been working with TPS and Freshwater for a number of years now and it is fantastic that works have now started. This is an important entrance into the Town and will greatly improve what is currently an eyesore as you enter the town from the South.”