Hurdles cleared for Grantham Designer Outlet
The search is on for 130 stores to help fill the £100million Grantham Designer Outlet.
Final approval has been confirmed for the centre at the south end of town, which promises to create 1,500 jobs.
This follows the signing of a Section 106 agreement between developers Buckminster and Rioja Development. The pair say leasing for the scheme will begin in September with construction to start in Spring 2019.
Among the conditions the developers face is that a certain amount of stock to be sold must be discounted, so as not to compete with existing retailers in selling new stock in Grantham town centre.
They developers say Grantham Designer Outlet has been designed to complement the existing town centre, with it offering luxury brands that cannot be found in any typical UK market town.
The outlet will also incorporate cafes, restaurants, public spaces with play areas, 1,800 parking spaces and a visitor and tourism centre. A bus service connecting with Grantham town centre and railway station is also promised.
Giles Membrey, Managing Director of Rioja Development, said, “Grantham Designer Outlet presents a unique opportunity for premium brands to bring their outlet offerings to an affluent audience that currently lacks easy access to this kind of retail destination.
“It is one of the last gaps in the market for a premium outlet village of this size and may well be the last of this style to be developed in the UK. We are very excited to be underway, particularly given the positive response that we are already seeing from brands.”
Stephen Vickers, Managing Director of Buckminster, said, “As a local business with investments in the heart of the area, we are delighted to be involved with the development of Grantham Designer Outlet. The outlet village will be an ideal partner to the town centre, attracting visitors from further afield and, in turn, helping to drive a new audience into the town centre.”
Meanwhile, Oldrids and Downton say its “full steam ahead” for its £125 million scheme at the north end of town, due soon before SKDC’s planning committee.
Managing director Richard Broadhead said: “We’re delighted to report excellent progress with the Downtown Grantham Designer Outlet project. Our planning application was submitted last November and the finishing touches are now all complete. We are in regular contact with the planning department at SKDC, who have been extremely helpful, to ensure that our application comes before the Development Management Committee as soon as possible.
“Downtown is a long-established retail destination and we’re proud that our plans to regenerate the site have widespread public support. We’re keen to deliver significant investment of £125m into the district and create 1,700 new jobs, whilst also protecting existing jobs. We’re going to create something very special for the people of Grantham.
“Downtown Grantham Designer Outlet will be a premium outlet centre, generating major economic growth and attracting new visitors to the area, all of which will benefit Grantham town centre and surrounding attractions. With all the necessary infrastructure already in place, including connectivity to the A1 and links to Grantham town centre with existing bus services which will be further enhanced, plus strong interest from retailers, we’re ready to go as soon as we get the green light. Our customers, our suppliers and our staff are all very eager to see Downtown Grantham Designer Outlet open for business. It’s full steam ahead. These are exciting times for Grantham and for Lincolnshire.”