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The South West Gloucestershire – Town Centres Fighting Back Kurt Wyman


Due to the rise of online re- tail and changing consumer habits we have watched the decline of the traditional high street across the UK. How- ever, it is encouraging to see what we hope may be some early signs of a renaissance. Gloucester City Centre, like others has seen a string of high profile and once famous brands closing down. Over recent years however The City Council have been pro- active in putting in place a plan to regenerate key City Centre sites, with its atten- tion now turning to the Cit- ies Kings Square. Plans have been revealed to transform and regenerate the area to


be known as the Kings Quarter Regeneration. Midas Construction have been appointed as the main contractor and preparatory works have now commenced on site. The £5m scheme will transform the Square providing new outside areas, public realm and performance spaces whilst also including new offices, retail, leisure and housing. The scheme is designed to provide a much-needed focal point and will inevitably have a ‘knock on’ effect throughout the rest of the City. If the


plans receive formal approval in March it is anticipated the works will commence immediately.


The Kings Quarter is however not the only major scheme pushing forwards. Primark are currently fitting out the former BHS building on Eastgate Street, the iconic ‘Art Deco’ former Argos building on the corner of Eastgate Street and Brunswick Road has recently been pur- chased and the new owners have exciting plans to transform the cur- rently vacant retail space. In addition, a scheme has been approved by the City Planners for 115 student flats on the site of the former KC,s Nightclub on the Cities Quay Street. KC,s was at the forefront of the Cities club scene back in the 80,s, 90,s and early 2000,s.


Cheltenham Centre continues to retain its increasing popularity with office occupiers. Over recent years we have seen strong demand for good quality town centre offices with a number of high profile let- tings. This demand has continued with headline rentals for quality office stock around £30 psf. It is interesting to see occupiers prefer- ring to stay within the Town Centre and the many benefits this offers. Continuing this trend is the current extensive refurbishment of the Quadrangle, prominently situated adjacent to Imperial Gardens and the Promenade. Originally constructed in 1973, this landmark build- ing is undergoing extensive refurbishment to create offices fit for the 21st century.


Town centres will inevitably evolve and despite recent difficulties we are now starting to see some positive investment with developers and investors seeing opportunities rather than the problems!


HIGH QUALITY OFFICES up to 32,000 sq ft


The area's premier business location


Open Plan Floorplates.


Superb 'on site' facilities including


staff restaurant, gym, children's nursery, business hub and


conference centre. Fit out to suit


occupier requirements


High speed 100MB fibre broadband connection


VANTAGE POINT BUSINESS VILLAGE ROYAL FOREST OF DEAN, GLOUCESTERSHIRE, GL17 0DD


36 COMMERCIAL PROPERTY MONTHLY 2020


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