Opus Land Appointed As Preferred Developer
October 2012Developer Opus Land has been appointed to transform a 1.78-acre site in Bromsgrove into a leisure and retail area with an end value of about £13m.
A detailed planning application is set to be submitted in January for Market Hall and will include a five-screen cinema, as well as retail and restaurant units, covering 53,000 sq ft.
Part of the development will incorporate improvements to the historic Spadesbourne Brook. Discussions are well advanced with a lead tenant and the site is scheduled for completion by spring 2014, Opus said.
“We are delighted to have been appointed as the preferred developer by Bromsgrove District Council,” added Gareth Williams, development director at Opus Land, which is backed and part-owned by Palmer Capital.
“This is a sensitive site offering huge potential in the town centre. We intend to develop a scheme that will enhance both retail and leisure provision by creating something of quality which is befitting of this historic market town.”
The Market Hall was demolished in 2009 and replaced with a temporary car park. It has since been marketed locally, regionally and nationally by commercial property consultancy GJS Dillon.
Bromsgrove District Council leader Roger Hollingworth said: “This marks a massive step in the right direction for our plans to create a better Bromsgrove.
“While demolishing the market hall caused controversy, I hope everyone can now see the bigger picture. Not only will new retail and leisure development be a much-needed facility in Bromsgrove, the rest of the district will benefit from this investment and the jobs it will create.”
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