L&G wins Eastbourne resolution
Published: 30 August, 2012
Plans to regenerate Eastbourne town centre move one step closer
Performance Retail Limited Partnership, a joint venture between Legal & General Property and Strathclyde Pension Fund, has secured a resolution to grant planning permission from Eastbourne Borough Council, for its plans to extend the Arndale Centre.
The plans to extend the Eastbourne Arndale Centre include the demolition of buildings west of the centre along Terminus Road and the construction of up to 22 new ground and first floor units, comprising a total of approximately 175,000 sq ft. Additionally the redevelopment will deliver additional car parking spaces and a new pedestrian access on to Terminus Road. Construction work on the scheme is expected to start within the next two years.
Simon Russian, head of retail development at Legal & General Property, said: "We are pleased that Eastbourne Borough Council has, in principle, approved plans to extend the Arndale Centre. We now need to agree detail behind our planning obligations as well as hold discussions with those parties affected by the scheme.
"There is still much work to be done but this enables us to go to the next stage in moving our plans forward for the £70 million extension that will rejuvenate Eastbourne town centre and have a much-needed knock-on economic effect. We will continue to hold detailed discussions with retailers who have shown interest in coming to the town.