WARWICK QUADRANT, REDHILL

Proposals to redevelop the Warwick Quadrant in Redhill were announced on the 6th June by Sainsbury's, Aviva Investment, and Reigate and Banstead Borough Council. If accepted it will be a major development in the Council's "commitment to the revitalisation of the town centre".

The proposals include an extension of the existing Sainsbury's supermaket to 80,000ft of sales space, and the creation of a 98 bed hotel, a 562 slot car park, and a gym. As part of the deal the existing 365 slot basement car park will be placed under the control of the council, with some spaces being allocated for gym, hotel, library and theatre use.

Sainsbury's claim that the development will "create approximately 350 new full and part time jobs" for the supermarket, more than doubling the 150 currently employed, as well as additional opportunities at the new hotel and gym.

Commenting on the news, Sainsbury's Regional Development Executive Max Whitehand said: "It's fantastic news that we have now reached this important milestone. As well as providing a substantially improved Sainsbury's store for our customers, the mixed-use redevelopment will deliver a major investment in Redhill."

Speaking on behalf of Aviva, the Head of UK South East Real Estate Jon Ashcroft added: "We are excited to be working with Sainsbury's and the Council on this project. The development will provide a broad range of benefits for the local community and help to promote Redhill town centre as a focal point for retail and leisure activities in Surrey."

http://completelyretail.co.uk/portfolio/Aviva/scheme/Warkwick-Quadrant-Redhill/index

 

Posted @ 1 year ago