Phenominal uptake at Yate Shopping Centre's Yate Riverside Leisure scheme
Retailers are flooding into Yate Shopping Centre's new leisure complex - Yate Riverside - with over 70% of the units already taken before building even starts.
It has already been announced that the cinema operator Cineworld will anchor the scheme but there has been a lot of interest from the shop and retaurant chains for the remaining units with a further six parties either in the process of or completing legal contracts.
Updating Yate Town Council on the project, Mark Hull Group Property Controller for Crestbridge said "We knew that this scheme would be popular but not to this extent! The cinema operator Cineworld signed up almost immediately after planning permission was scured and since then there has been a steady flow to our front door. Unfortunately it looks as though we will not be able to accomodate all the interested parties but in some ways that is a good thing.
"As a result of this interest, we have received offers from some common high street names interested in coming to the main shopping centre. Early next year we will be submitting plans to reconfigure some of West Walk to create a new unit that is attracting interest from two major high street names. It is encouraging that our vacancy rate is half of the national average and there is scope to reduce this further over the next few months.
When copmpleted in Spring 2016 Yate Riverside will house a cinema, three modern retail units and up to 7 restaurants/cafe units. Work has already started in preparing the site for the construction phase and weather permitting, work should be under way by Spring.
Mark Hull said that this has not been the easiest project to deliver but it is heatening that we are close to the actual build phase and with so much interest, This is a great example of a community working together to achieve what the people of Yate want and i can not emphasise enough how important our relationship with Yate Town Council, all the local councillors and the many other stakeholders has helped us.