Legal & General Property launch plans for St Stephens Place, Trowbridge (UK)

New plans for a cinema in Trowbridge town center have been announced by Legal & General Property (LGP) owners of the St Stephens Place site and Castle Place Shopping Centre.

St Stephens Place

Subject to planning approval, the scheme could be open in 2013.

Proposals for the former Tesco site will create a new leisure destination for the town. The scheme includes six restaurants, a 60-bedroom hotel and an eight-screen cinema. There will also be pedestrian links into the town center and it will regenerate the site next to the new Civic Hall which is set to be completed later this year. 106 new car parking spaces are also proposed.

The LGP scheme will form an intrinsic part of Trowbridge town center so that the leisure development can support existing shops. The proposals, which are fully funded and deliverable, are in line with Wiltshire Council adopted and emerging planning policies and conform with Government policy for the location of such development.

LGP, who own and operate the nearby Castle Place Shopping Centre, are the second largest investor of leisure parks in the UK and currently manage 14 leisure schemes across the country.

Simon Russian, Head of Retail Development at LGP, said: "The people of Trowbridge have been promised a cinema in the town center for several years and we are delighted to have made it the focus of our plans. We are already in the process of agreeing detailed terms with our cinema operator and have strong interest from hotel and restaurant occupiers who are very keen to locate in Trowbridge. Our proposals are also fully funded and are designed to respond to the needs of the town.

"With the new Civic Centre almost complete, St Stephen's Place will further regenerate the southern end of the town center and we believe it will act as a catalyst for more investment in the area. LGP has significant experience of developing and managing similar projects across the UK, so we know our plans are realistic and deliverable. It is important for Trowbridge that any new cinema contributes to the vitality of the town center and regenerating this site will ensure that happens."

A planning application for St Stephens Place is expected to be submitted in October. Subject to planning approval, the scheme could be open in 2013. LGP will be outlining their plans to the Trowbridge Area Board on September 8 and anticipate holding a public exhibition in the autumn.

Source: FD

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