Aspire Development Management Ltd advises on Cheltenham John Lewis dealDigital Editor
Aspire (client) has acted on behalf of BlackRock Real Estate to secure an agreement to lease which will see John Lewis open its first department store in Cheltenham.
The plans for the Beechwood Shopping Centre in Cheltenham will see the entire centre converted into a new 115,000 sq ft department store showcasing fashion, homewares and consumer electronics.
The shopping centre frontage is set to be redesigned as part of the scheme while the existing car park will be remodelled. The new development is expected to create up to 250 local jobs.
Hamish Macmillan, senior development manager at Aspire, said:
“We are delighted to be involved in this scheme which promises to reinvigorate Cheltenham town centre and attract both visitors and retailers to the area. We will continue to work alongside BlackRock, Cheltenham Borough Council and John Lewis to ensure we maximise the potential of this exciting project.”
Following the successful lease negotiations, Aspire will continue to advise BlackRock on the relevant planning applications for Cheltenham Borough Council before work starts on site in spring 2016. John Lewis is due to open in Cheltenham in 2017.
Aspire is providing its full development and project management services on the scheme.