Stratford-on-Avon District Council and Stratford Town Trust, joined UK & European Investments to officially mark the start of demolition at a groundbreaking event held at Town Square in Stratford-upon-Avon today (Tuesday 16 February).
Jane Jeffrey, Acquisitions Director at UK & European Investments was joined by Chief Executive of Stratford Town Trust, Helen Munro and both the Leader of the Council, Chris Saint, and Chief Executive Paul Lankester.
The demolition signals the beginning of the £30 million redevelopment of Town Square which will bring up to 26 new shops, restaurants and cafés to Stratford. Town Square will be renamed Bell Court as part of the redevelopment.
UK & European Investments has already announced that a four screen Everyman cinema will anchor the development. Additionally, a deal has been signed with Byron that will see a 3,860 sq ft specialist hamburger restaurant opening.
UK & European Investments, acting as investment manager, owns the lease to Bell Court; two thirds of which is owned by Stratford District Council and one third by Stratford Town Trust.
Helen Munro, said: “UK & European Investments has shown a genuine commitment to Stratford-upon-Avon. As one of the freeholders it is important to the Town Trust that this site is developed for the benefit of the town and its people. We are confident that this scheme will be welcomed when it opens next year.”
Councillor Saint, said: “The start of demolition is a significant milestone for Bell Court. The town has long-awaited the redevelopment of this area which, will not only benefit residents but will also help local businesses by increasing footfall and keeping people within Stratford-upon-Avon.”
In addition to the new cinema, shops, restaurants and cafés, UK & European Investments has worked with local landscape architects, Bradley Murphy Design, to greatly improve the public realm. As part of this, new lighting, seating, soft landscaping and outdoor event space will be delivered.
Jane Jeffrey, said: “Our aim is to create a high quality retail and leisure destination in the heart of Stratford-upon-Avon. Many retailers and leisure operators have pinpointed Stratford as a place they wish to invest and we’re currently in conversations with some very exciting potential occupiers.
“The demolition phase of the redevelopment is expected to last for about three months. Following this, construction of the new cinema will begin, with work scheduled for completion in time to open to the public in spring 2017.”
Whilst construction works are taking place, the entrances at both Ely Street and Wood Street will be closed, as will the NCP cut through. The NCP car park, accessed from Rother Street, will remain operational during the construction project. Debenhams, H&M, Lush, Men’s Shed, Timpson, Bodycare, Numpty La and The Brow Studio all remain open and can be accessed via the High Street entrance.