Henderson Global Investors today submitted its outline planning application for its planned scheme in Bishop's Stortford, Hertfordshire, UK.
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Construction is planned to begin during summer 2012 with the scheme due to open in autumn 2014.
Henderson, on behalf of its UK Property Fund, is investing £105 million (approx. 119.8 mln.) in the over 3.5 hectare site in the northeast corner of the town center. The scheme includes a new approx. 2,800-m² department store; an extension to the existing Waitrose store; approximately 35 shops, of which 10 are smaller units designed for independent traders; two restaurants; a digital cinema, circa 670 parking spaces and up to 100 residential units.
The application follows two rounds of consultation, in June, including a well attended public exhibition, and September 2010, during which feedback was taken from all key groups, local elected representatives, residents and businesses in Bishop's Stortford. This engagement, which illustrates Henderson Global Investors' commitment to community involvement, has resulted in a number of amendments being made to the scheme. This includes a reduction in the heights of certain elements, most notably the hotel, from six to five storys; an increase in car parking, by a further 70 spaces, to a total of 670 spaces, up from the current 400 available on the site today, with the provision of a dedicated residents car park, and greater clarity offered on other elements of the scheme such as the digital cinema.
The scheme contains four main areas, which will be fully pedestrianized and contain three new public squares. It has been carefully designed to fit in with the eclectic architectural style of the town and the views of local residents. It has been designed to enhance the conservation area in which it sits as well as improve access to some of the town's heritage assets, including the Castle and the United Reformed Church which are adjacent to the site. The site is currently occupied by East Hertfordshire District Council 'Causeway' offices, an East Hertfordshire District Council 'pay and display' car park and the Waitrose car park.
The advisory project team for the Old River Lane scheme consists of:
Cameron Fraser, Fund Manager of the Henderson UK Property Fund said: "The Old River Lane scheme is designed to improve the public space and range of facilities that are available in this historic market town. It will enhance access to some of its heritage ass
The application follows two rounds of consultation, in June, including a well attended public exhibition, and September 2010, during which feedback was taken from all key groups, local elected representatives, residents and businesses in Bishop's Stortford. This engagement, which illustrates Henderson Global Investors' commitment to community involvement, has resulted in a number of amendments being made to the scheme. This includes a reduction in the heights of certain elements, most notably the hotel, from six to five storys; an increase in car parking, by a further 70 spaces, to a total of 670 spaces, up from the current 400 available on the site today, with the provision of a dedicated residents car park, and greater clarity offered on other elements of the scheme such as the digital cinema.
The scheme contains four main areas, which will be fully pedestrianized and contain three new public squares. It has been carefully designed to fit in with the eclectic architectural style of the town and the views of local residents. It has been designed to enhance the conservation area in which it sits as well as improve access to some of the town's heritage assets, including the Castle and the United Reformed Church which are adjacent to the site. The site is currently occupied by East Hertfordshire District Council 'Causeway' offices, an East Hertfordshire District Council 'pay and display' car park and the Waitrose car park.
The advisory project team for the Old River Lane scheme consists of:
- CB Richard Ellis, development consultants and leasing agents for the scheme
- Chapman Taylor, master planners and architects for the scheme
- Lambert Smith Hampton, development consultants, led by Mike Thatcher, who have been involved in the site assembly process since inception and negotiated the overall deal with East Hertfordshire District Council
- Turley Associates, urban design and planning consultants who have coordinated the planning and conservation area consent submissions
- Weber Shandwick, communications and consultation advisers
- WSP, traffic and environmental consultants
Cameron Fraser, Fund Manager of the Henderson UK Property Fund said: "The Old River Lane scheme is designed to improve the public space and range of facilities that are available in this historic market town. It will enhance access to some of its heritage ass
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