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Waterside development, Northampton: flagship of the Northampton Waterside enterprise zone.
development, which comprises four office blocks. The site, between the River Nene and St Peter’s Way, sits within the Northampton Waterside enterprise zone and is the flagship development, linking together several other projects, including the new £12m railway station, University of Northampton Innovation Centre and a 430,570 sq ft retail development planned for the former Greyfriars bus station. The latter hit the headlines in July after
the council and Legal & General ended their five-year development agreement after rival out-of-town scheme Rushden Lakes was approved by a planning inquiry. The council is now progressing the Greyfriars development on its own. Meanwhile, in north Nottinghamshire, the Ashfield and Mansfield conurbation is emerging as a solid and steady investment proposition. It has pulled itself up the rankings in the city league tables year-on- year and has emerged second out of 64 UK cities for expansion of knowledge-intensive business services (R&D, professional consultancy services and tech companies). The conurbation is ninth in the UK for
overall SME expansion and 14th in the country for expansion of manufacturing
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companies, with Sutton-in-Ashfield town centre in the top 10 performing towns in the country for reducing vacancy rates. Sutton has seen a 7.6% fall in the number of empty shops in the town centre in the last four years, with 11.2% of shop units vacant in 2013. In Mansfield town centre, comparison spend has increased by £29m to £313.4m and footfall is up by 7%. Shop vacancies have been limited to between 10% and 14% and, in a major vote of confidence, LaSalle
Friargate, Coventry: major city-centre mixed-use development
Investment Management acquired the Four Seasons shopping centre in April for £53m. The firm is set to make an investment of around £3.5m to revamp and refresh the centre with a view to keeping it as a long-term hold. With Leicester city council and the city
mayor, Sir Peter Soulsby, banging the drum and unveiling a new 3D flythrough model of the city, which highlights current regeneration projects, the Midlands will be centre stage during the show.
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