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Drone photographs of Stane Retail Park under construction

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Citygate Developments sell part of the site, subject to planning.

Photographs of Stane Retail Park under construction.

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M7 Real Estate announce new letting to local businesses.

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Churchmanor announce forward commitment to sell the B&Q and Aldi on Stane Retail Park. Construction commenced in August 2020.

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Churchmanor Estates announce that works have started on site in Tollgate to build Stane Retail Park.

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NHS’s time-lapse video of the conversion works

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NHS’s fitting out of the former Homebase completed in 55 days

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M7 Real Estate announce new letting.

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5 weeks into the NHS’s fitting out of the former Homebase.

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15 working days into the NHS’s fitting out of the former Homebase.

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NHS start fitting out the former Homebase.

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Covid-19 Timeline from 1 March to 11 April 2020.

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Shoe Zone fitted out the new store, and opened briefly, before the Covid-19 restrictions forced them to close it down.

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Covid-19 Timeline from 21 December 2019 to 29 February 2020.

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Shoe Zone will take possession of the 4,047 sq ft unit adjoining Greggs in February, and open in March 2020.

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The planning permission for Stane Retail Park was issued on 17 July 2019 (11 months after the planning committee resolved to grant the consent) when the S106 Agreement was signed off three days earlier. During that time M&S Food Hall had changed their requirement from 11,800 sq ft to 20,000 sq ft to match their store at Martlesham Heath, Ipswich.

The Churchmanor Estates Company Plc submitted a new planning application to increase the size of the Food Hall on 31 December 2019. Their commitment to invest in the local road system remains as before.

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Greggs opened for Christmas trading in part of the former PoundWorld unit. The adjoining unit is under offer.

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Magnet have opened their new 3,605 sq ft showroom on Seamer Road Retail Park. The adjoining 2,300 sq ft is being marketed for a retail or café/coffee shop use.

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The Treasury Committee have completed the first stage of an inquiry into Business Rates to scrutinise how Government policy has impacted business.

Phase 2 will be held in 2020 and 2021.

The committee report listed my submission about why shops are left empty due to “vacant rates”, but the Conclusion and Recommendations were on a far grander scale. The detail within the submissions from rating experts is a true education on the subject, and I would urge landlords and tenants to make their views known during the second stage.

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The Accessible Retail Conference speakers all used “sustainability” as their theme, whether it was retailers, consultants or architects.

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Practical Completion of the subdivision works has allowed handover to Magnet to fit-out and trade in a new 3,580 sq ft showroom to open in December. The adjoining 2,300 sq ft is being marketed for a retail or café/coffee shop use.

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A good day to promote instructions, and to learn about current requirements, at the same time as meeting old friends.

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Stripping-out works have commenced on the former PoundWorld unit prior to the main subdivision contract. This will allow Greggs to be trading by Christmas.

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The planning permission for Stane Retail Park was issued on 17 July 2019 (11 months after the planning committee resolved to grant the consent) when the S106 Agreement was signed off three days earlier. During that time M&S Food Hall had changed their requirement from 11,800 sq ft to 20,000 sq ft to match their store at Martlesham Heath, Ipswich.
The Churchmanor Estates Company Plc have now submitted a S73 Application to increase the size of the Food Hall.
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Practical Completion of the subdivision works will allow handover to Magnet to fit-out and trade in a new 3,580 sq ft showroom by the end of the year. The adjoining 2,300 sq ft is being marketed for a retail or café/coffee shop use.
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A good day to promote Colchester, Stane Retail Park and other instructions, and to learn about current requirements, at the same time as meeting old friends.
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Brief market commentary
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Planning permission has been obtained for the subdivision of the former Brantano and stripping-out works have commenced prior to the main contract. This will allow two new tenants to be trading in the summer. Announcement on the fascias to be made shortly.
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The Treasury Committee are in the middle of an inquiry into Business Rates to scrutinise how Government policy has impacted business.

Deadlines for submission are 2 April 2019.

The committee are aware of my News Item from July 2018 and I have been asked to update and submit my comments on the Inquiry website. I would urge all landlords and tenants to make their views known.

Colchester, Stane Retail Park gets a detailed mention in the latest Essex Live Newspaper.
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News - Gregory Moore Property