Lateral Property and Highgrove release details of 600,000-sq ft out-of-town mall
Details have been revealed of the revamp of the former Five Towns Park site off Junction 32 of the M62. Now rebranded Axiom, the 106-acre site will now house a 600,000-sq ft retail and leisure development, comprising 75 retail, restaurant and leisure units which will include a range of commercial units and a new a 10,000-seat stadium for Castleford Tigers.
Developers Lateral Property Group and Highgrove Group have signed pre-lettings with Marks & Spencer, Primark, Next and Boots, while funding has been provided by Leeds City Region’s Revolving Investment Fund.
Pre-construction site works, including relocating an overhead powerline, have been completed and construction proper will begin begin later this year with a 30-month build period.
The site is immediately next to Land Securities’ Junction 32 outlet mall and the Xscape indoor ski slope. Philip Lunn, co-founder of Lateral Property Group, said: “The world of retail is changing as technology and people’s lifestyles are evolving. Since securing planning permission we have worked with leading architects and experts from the retail and leisure industry on advancing the Axiom concept, to ensure that it is relevant in the new ‘Omni-Experience’ retail and leisure world.”