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DEVELOPER
REVIEW |
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| Capital
Shopping Centres
March 2009 |
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| Together,
as St David’s Partnership, Capital Shopping Centres and
Land Securities are developing the landmark St David’s
2 development in Cardiff, extending the retail offer of the
existing St David’s Centre to 1,394,500sq ft and making
it one of the largest shopping destinations in the UK. |
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Capital
Shopping Centres (CSC), part of FTSE 100 company Liberty International
PLC, is a leading specialist in the ownership, management and
development of regional shopping centres in the UK and owns
nine of the UK’s top 30 shopping centres.
Land Securities is the UK’s leading real estate investment
trust, with a national portfolio of commercial property worth
around £12bn. Its investment portfolio contains over 50
retail parks and shopping centres.
The multi-million pound investment in Cardiff city centre, St
David’s 2 will establish the city as one of the premier
retail destinations in Europe. Due for completion in autumn
2009, the 967,500sq ft, retail-led mixed-use project will include
Wales’s first John Lewis department store, which at some
280,000sq ft is the largest John Lewis store outside London. |
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The
scheme will also feature 139 shops and catering units; 304
new homes; new amenities and public spaces; 3,000 car parking
spaces; and, perhaps most unusually, a 55,000sq ft, state-of-the-art
six-storey civic library that opens early in March, incorporating
three restaurant units: Wagamama, and Gourmet Burger Kitchen,
both of which opened last year, and Strada, which is yet to
open.
“We have also signed 13 new retailers to Cardiff, and
in some instances, Wales, including Crabtree & Evelyn,
All Saints, Hugo Boss, Radley and Links of London,”
says Caroline Kirby, Property Director of Capital Shopping
Centres.
“Having enlarged our catchment, we are now focused on
broadening the centre’s attractiveness to that area.”
The refurbishment programme at the existing
St David’s will provide a seamless transition between
centres and the project as a whole is creating a new and exciting
retail environment.
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From
the outset, the brief had been to regenerate and revitalise
a significant part of the city, drawing together the retail
elements into a coherent whole. “Our Architect, Benoy,
took this on board and worked up a scheme that ensured that
the buildings and the environment that they have created,
relate to and develop the grain of this part of Cardiff, as
well as making a substantial and positive contribution to the
city,” explains Martin Ellis, Construction Director
of Capital Shopping Centres.
Benoy took as its inspiration the design and heritage of arcades
for which Cardiff is famous. The design and finishes which
are being installed reflect a modern interpretation of these
arcades. The cross arcade, Bridge Street, for example, was
designed to sit opposite and connect into the existing Royal
Arcade. This helps to reinforce the arcade theme, and commercially
connects with the shops from the east side of The Hayes into
the existing retail offer of the Royal and Morgan Arcades
and into St Mary Street beyond.
For
the full article please see the RLI March 2009 issue
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| DEVELOPER
REVIEW ARCHIVE |
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Capital
Shopping Centresp - March 09
Chartered
Land - November 08
The
Ilyas & Mustafa Galadari Group - September 08
Las
Vegas Sands Corp - June 08
Redevco
- Dec 07
Chartered Land - Nov 07
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Paramount
Publications Ltd Suite 15, Hardmans Business Centre, New
Hall Hey Road, Rawtenstall BB4 6HH UK
Tel: +44 (0) 1706 212200 Fax: +44 (0) 1706 211782 Email:
info@rli.uk.com
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