Areli Real Estate, a property developer formed in 2018, has announced plans to create the new heart of Maidenhead that will take the place of Nicholsons Shopping Centre.
A planning application for a £400M scheme to demolish and rebuild the existing 1970s Berkshire shopping centre has been submitted..
Areli’s Nicholson Quarter development will comprise more than 60 shops and restaurants, and workspace for 2,000 people. The new scheme is designed around a range of open streets and spaces that will connect and “knit into the town”.
The developer described the plan as a “once in a lifetime” opportunity to revamp the area and the first “shopping centre to town centre” regeneration in the country.
