Waterside redevelopment underway
Work on the £9 million project to redevelop Lincoln's Waterside Shopping Centre officially began on Friday, 26th July when Andrew Taylor, the Chief Executive of City of Lincoln Council, took the first sledgehammer to a wall to mark the occasion.
Capital & Regional received planning consent for the redevelopment from the council earlier this year. The proposals were designed to meet occupiers' requirements and demands and have succeeded in attracting popular fashion brands H & M and Next to the city, marking H & M's flagship store in Lincoln.
Local contractor Simons Group is managing the redevelopment which will see the front section of the mall transformed and two double height retail units created, housing H & M and Next. The redevelopment of the front section of the mall will provide a clear line of sight from the high street, and as part of the works, the food court will be moved from the third floor to the ground level. New Look will also benefit from an expansion and reconfiguration.
Capital & Regional has been working on development plans for the centre since acquiring it in 2011. Located in the heart of the city, the Waterside Shopping Centre is Lincoln's premier covered retail destination, with over 50 high-street retailers including Topshop, New Look, Stormfront and Vodafone. As a result of its proactive asset management strategy Capital & Regional has already strengthened the centre's fashion and lifestyle offer with lettings to the Apple franchisee, Stormfront and Office Shoes.
Work on the Waterside Shopping Centre is anticipated to finish in December 2014 and once complete will reinforce Waterside's position as the regionally dominant fashion destination. The centre will remain open throughout the works and retailers will continue to trade as normal.