Eldon Square Ltd and Newcastle City Council are proud to announce details of an enhanced Co-operation Agreement and game-changing planning submissions, which will accelerate and facilitate the delivery of a series of major new leasing deals, whilst offering significant benefits to the city centre and local community.
These will optimise Eldon Square’s offering and expand the mix of brand partners beyond retail, food and beverage into an exciting future and will include over 200,000sq ft of new leisure and entertainment opportunities serving the city centre.
The Co-operation Agreement will further strengthen the ongoing partnership between Eldon Square Ltd and Newcastle City Council, providing a great example of public and private sectors working together in agile ways to achieve faster growth and sustainable success. The collaboration will also support Eldon Square in making a valuable contribution to the local community, environment, and providing up to 500 new job opportunities.
Pete Cooper, Director at Eldon Square Ltd, said: “With these deals, Eldon Square consolidates its position as a Premier League player in Newcastle city centre and our flourishing partnership with Newcastle City Council enables us to progress our ambitious growth plans at speed. We are accelerating the centre’s performance, whilst helping to widen the city centre’s leisure and entertainment offering.”
Cllr Nick Kemp, Leader of Newcastle City Council, said: “This exciting announcement shows just how attractive Newcastle is for global retailers. It is a vote of confidence in our city centre and a statement of intent by the retail industry. Not only will the opening of these stores attract more visitors to our city but it will create jobs and boost our economy. We will work with partners to create more opportunities in Newcastle, that help grow an inclusive economy to benefit every resident.”
