Wed, 12/07/2017 - 09:43
NewRiver has secured Marks & Spencer Simply Food for its re-development in Canvey Island activating a formerly disused site. Marks & Spencer further strengthens the previously confirmed retailer line-up including Sports Direct and B&M.
The signing of M&S brings the currently vacant development site to 72 per cent pre-let, triggering the next phase of preparation works to begin, in line with NewRiver’s risk-controlled development strategy. The tender for construction works is nearing completion and NewRiver intends to start work on site within the coming months, with shops anticipated to open in Summer 2018.
This important letting marks the first M&S in Canvey Island, introducing a high-quality grocery offer for local shoppers which is long-overdue for the area.
The new retail and leisure park will total 61,000 sq ft and will include five large modern units, a food and beverage ‘pod’ and will introduce 256 new free car parking spaces in addition to the 550 provided by the adjacent Morrisons store. M&S have taken a 11,500 sq ft store with Sports Direct taking a 7,500 sq ft store and B&M a 25,000 sq ft store. The two remaining vacant units will be located between the M&S and Sports Direct units to form a brand new purpose built retail parade.
NewRiver is in discussions with a number of other leading national retail operators to further enhance choice and variety for local shoppers at this exciting new retail park for Canvey Island. The agents acting for NewRiver are McMullen Wilson and Morgan Williams.
The new development will complement the existing town centre and create a more convenient local shopping destination for locals, reversing existing leakage. NewRiver’s investment will act as a catalyst for further growth and long-overdue investment for the whole town, whilst providing approximately 150 new jobs, excluding construction related employment.
NewRiver acquired the site in July 2015 and has made excellent progress in advancing its development plans to re-activate the vacant site which has sat unused for circa 20 years. Since planning approval was granted in November 2016, NewRiver has been working hard behind the scenes to progress the various steps required.
NewRiver is committed to working with the local residents and businesses to deliver this significant regeneration, and will provide any information on major works in advance of works taking place on site.
Charles Spooner, Director at NewRiver, says: “We have made excellent progress and the M&S letting marks a significant milestone for this exciting development, as we move closer to starting works onsite later this year.
“We are in discussion with a number of leading retail operators who are attracted to Canvey Island because of the catchment and high quality, large format space that this retail park will create. The retail park will complement the town’s existing retail offer and our investment will act as a catalyst for further growth and investment for Canvey Island, providing greater choice and variety for shoppers”.
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