Legal & General Property (LGP) announces that it has successfully won its planning appeal to extend and enhance Mansfield Leisure Park as it unveils the three restaurant operators due to take new space at the park.
Following the planning inspector’s decision, the improved leisure scheme, which is due to start on site in Spring and open in time for next year’s Christmas trade (2015), will create up to 120 additional permanent jobs (comprising both full time and flexible working opportunities), as well as up to 100 jobs in the nine month construction period.
Taking long term pre-lets at the park, the popular, family-orientated restaurant groups are due to significantly increase the range of eating options available in the Mansfield area. Due to occupy a newly created, triple-unit catering terrace, Chiquito - Restaurant, Bar & Mexican Grill - has taken a pre-let on 4,000 ft² (approx. 372 m²) on a 25 year lease, while Nandos and Bella Italia have both agreed to take 3,500 ft² (approx. 325 m²) on 20 year leases.
Situated one mile to the south of Mansfield town centre, Mansfield Leisure Park comprises an eight-screen cinema operated by ODEON, a drive-thru McDonald’s and a Walkers Bingo. Since purchasing the scheme in November 2010, LGP has extended and re-geared the leases of the existing operators at the park, improving the overall lease profile.
James Whitehill, senior fund manager at Legal & General Property: “This is a great day for Mansfield and the surrounding area. Having identified the restaurant shortfall when we acquired the scheme back in 2010 and having worked hard to deliver a strong, viable and attractive scheme, the planning inspector’s decision allows us at long last to embark on this exciting new phase of development.
"Designed to refresh Mansfield’s overall offer, making it more attractive and better able to accommodate the needs of the local population, it will bring both significant employment and regeneration to the area at a time that it needs it the most. Backed by some of the UK’s top operators, we believe this extension not only complements the existing tenants at the park but positions the scheme well for the future.”