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Anchor tenants unveiled for £300m Northgate scheme
An upmarket department store and a four-star hotel chain have signed up as anchor tenants for the £300m Chester Northgate regeneration scheme.
Cheshire West and Chester Council has signed agreements to bring House of Fraser and a four-star Crowne Plaza hotel to the 500,000 sq ft redevelopment in the North West quarter of the city centre.
House of Fraser plans to open a 100,000 sq ft store, which will include a rooftop restaurant with views over the racecourse and the Welsh hills. And an affiliate of MCAP Global Finance has agreed to launch a 167-bed Crowne Plaza hotel with a spa and a 600-capacity conference facility, which would be the biggest in the city.
The planned regeneration of the city centre (pictured) will provide 70 stores, cafes and restaurants, as well as a new cultural centre, 70 homes, a hotel and conference centre, a six-screen Picturehouse cinema and the city’s largest car park. Construction of the development is expected to start in late 2018, with phased completions leading up to late 2021.
The council has already committed £100m into the redevelopment of the city centre, including the creation of an 850-seat theatre which forms part of a new cultural centre and is set to open in the spring, as well as the relocation of the bus station which is set to open in March.
Samantha Dixon, leader of Cheshire West and Chester Council, said: “I am delighted that we have secured House of Fraser for a major new store in the crucial Chester Northgate development and at the same time, signed a deal with the owners of the existing Crowne Plaza to relocate them onsite into a brand new four-star hotel, conference centre and spa, much improving the overall offer of the city.
“Being able to attract brands like House of Fraser, Picturehouse and Crowne Plaza is a measure of the appeal of Chester Northgate to other occupiers and investors and reinforces our ambition to return Chester to its rightful place as a leading shopping and leisure destination.
“We believe Chester Northgate to be one of the UK’s biggest emerging retail-led city centre developments. The project shows that Cheshire West and Chester Council is pioneering innovative new ways of driving growth and underlines our consistent commitment to steering the big projects that will transform Chester city centre.” Read more
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