Finally we are able to announce that Waitrose has been revealed as the
supermarket of choice for Talisman Square developers,
Discovery Properties Ltd.
The exchange of contracts comes following lengthy
discussions and negotiations between Warwick District
Council, Discovery Properties and Warwickshire County
Council. The first Waitrose in Warwickshire will be in
Kenilworth, and the food arm of retail giant John Lewis
will create a 25,000 sq ft supermarket in the heart of the
town centre helping to lead it’s regeneration.
The agreement (between the three parties) will deliver:-
- a new 25,000 sq ft Waitrose food store (43,000 sq ft
gross) located much further away from the houses in
Bertie Road - (subject to planning permission);
- improvements and extensions to the existing Talisman
Square shopping centre;
- a new youth centre of equal standard to be located
in the town centre (subject to planning permission);
- improved vehicle access over Abbey End car park to
reduce any traffic impact on residential areas;
- This announcement means that the level of investment
in this scheme will be close to £20 million.
Hugo Hawkings of Discovery Properties, says of the
deal,
“We are thrilled to have secured Waitrose who we
believe will give a huge boost to the town in general and
to our existing tenants in Talisman Square.
Following our recent planning application we agreed
to work with the council to try to address some of the
issues raised; whilst it has taken longer than all parties
would have liked to get to this stage we believe this
proposal will provide Kenilworth with what it needs to put
a heart back into the town centre: a quality foodstore and
a refurbished and extended Talisman Square.”
... continued >> the full
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