Three new shops or food outlets are being eyed up in a major Preston road as part of an £18m redevelopment.Advertisement
Friargate Court, a 244-bed student accommodation block, has three ‘prime positions’ at its base.
More than 6,000 square foot of retail space is available and marketing experts Lambert Smith Hampton have been brought in to find tenants to occupy them.
Associate director of retail Gareth Hines said the units would suit a convenience store or cafes.
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He said: “The new development sits in a prime position on one of Preston’s busiest thoroughfares between the University Quarter and the city centre.
“The area is beginning to be transformed at Portergate’s development is playing a key role in the regeneration of this historic part of the city.
“The University of Central Lancashire has committed an investment of £200 million towards the development of the Adelphi Square campus.
“Their vision over the next 10 years is to create a ‘unified, sustainable and welcoming campus which will enhance the experience for all those visiting the university,’ seamlessly integrating with the rest of the City. Friargate is set to really benefit from that project.”
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Friargate Court is due to be completed in late 2016.
Portergate, who are behind the development, Anthony Jackson chairman of the group said: “Lambert Smith Hampton has a wealth of experience in the retail sector and we look forward working with them to attract quality operators who will really add something to Friargate.
“The fact the units sit underneath what will be a new community for Friargate also make them an attractive proposition to retailers. We look forward to them attracting a lot of interest.”
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