UK & European Investments has received the go-ahead from Stratford-on-Avon District Council to redevelop Bell Court, previously known as Stratford Town Square in Stratford-upon-Avon.
Located in the heart of Stratford town centre (bordered by High Street, Rother Street, Wood Street and Ely Street), Bell Court will now undergo a £30 million redevelopment to create a high quality retail and leisure destination.
The scheme will be anchored by a four screen, 12,000 sq ft Everyman cinema; the second to open in the wider West Midlands region, and will welcome Stratford’s first Byron restaurant.
John Stacey, Asset Management Director at UK & European Investments, said: “Bell Court is an important regeneration project for Stratford-upon-Avon that will transform an under-used part of the town into a desirable and high quality destination.
“Following yesterday’s decision to grant planning permission, our intention is to begin construction in the New Year. There is much work to be done from here to achieve our vision for the development but, if all goes to plan, we are confident that we will be able to open Bell Court to the public in spring 2017.
“We’re working hard to attract tenants that we believe will complement the existing retail and leisure offering in Stratford-upon-Avon. Both Everyman and Byron are fantastic additions and we have ongoing conversations with other desirable occupiers. Our recent focus has been on working with the Council and Stratford Town Trust to secure planning and we anticipate that other exciting new tenants will be announced soon.”
When complete, Bell Court will deliver over 70,000 sq ft retail, restaurant and leisure space. Additionally, improvements will be made to the public realm, including outdoor seating, soft landscaping, feature lighting and introducing public open space for events and outdoor entertainment. The historic 14th Century bell that previously hung in Bell Court will be reinstalled at the High Street entrance to the site.
Cllr Lynda Organ, Portfolio Holder for Finance and Physical Resources at Stratford District Council, said: "The Council is delighted that this ambitious scheme has received planning consent. The regeneration of Bell Court should ensure the area is once again a thriving hub for Stratford-upon-Avon and will enhance the town centre for residents and visitors alike."
Helen Munro, Chief Executive of Stratford Town Trust, said: “We’re very excited that the redevelopment of Bell Court has been given the go-ahead. 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. As well as delivering new restaurants, shops and leisure facilities, the scheme will also improve the public spaces and provide space for future community events; all of which will benefit both residents and visitors of all ages.”
UK & European, acting as investment manager, own the lease to Stratford Town Square; two thirds of which is owned by Stratford District Council and one third by Stratford Town Trust. Colliers International advised Stratford Town Trust.