Shopping centre owner Intu has announced that it will be redeveloping Charter Place in London to offer a new 'restaurant hub'.
The £100 million project will see ten new restaurants, a multiplex cinema, a leisure complex and 51,893 sq ft of new retail space. It is hoped that the scheme will generate 1,125 new jobs across the leisure, retail and hospitality sectors. Even though planning permission is currently in its application process, 91 per cent of individuals in a recent public consultation believed that changes needed to happen at Charter Place.
Jonathan Ainsley, Intu’s asset management director, added: “The £100 million investment across both Watford shopping centres is aimed at transforming Watford and creating the best place in the region for people to shop high-quality brands and spend their leisure time.”
Intu currently owns ten of the top 25 shopping centres across the UK; this being equivalent to 17 million sq ft of retail space valued at over £7 billion. However, Intu is not stopping there, as it currently plans to invest a further £1 billion over the next decade on extending most of its shopping centres and actively managing other projects in the pipeline. The firm recently revealed that it was going to open a fourth Circle 360 Champagne & Cocktails bar at Lakeside shopping centre in Essex, while construction work has already begun on a new dining quarter at Lakeside. This area will see 13 new food operators set up shop alongside Pizza Express, Burger King and KFC who are already there. This other project should also create a wide array of hospitality jobs for the area.
It is hoped that construction on the 'restaurant hub' will start in 2015 and it is scheduled to be open to the public in 2017.
Berkeley Scott is a specialist recruitment agency in the food industry.