Princes Gate, Catterick Garrison
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Lingfield was selected by the Ministry of Defence (MOD) to develop a new £35 million Regional Shopping Park for Catterick Garrison in North Yorkshire. Lingfield achieved planning consent for the scheme in 2013 based on maximising the emerging consumer market trends for the attraction of key national retail and leisure operators, carefully integrating the food and beverage (“F&B”) offer into the retail and leisure scheme at day one. This resulted in a combination of large format and standard units arranged around a free 372 space surface car park, a Town Square and substantial F&B offer. This major development transformed the town providing a commercial and social hub for Catterick Garrison with 150,000sqft of new high quality retail and leisure accommodation serving the growing military and civilian communities. Catterick Garrison is the largest military and civilian garrison in Europe, with a strong consumer catchment (200,000 within 30 minutes). Lingfield’s strong emphasis on early planning and design combined with attentive nurturing of relationships was vindicated by the majority of retail and leisure accommodation pre-let to national occupiers include NEXT, Brantano, Boots, Cotswold, Sports Direct, Pets at Home, Costa, Poundland, Iceland, Greene King,Prezzo and Premier Inn. The average weighted unexpired term of leases of 15.02 years with 87% of the income profile from national covenants.
The leisure element proved successful with the perceived demand for the cinema (Empire Cinemas) so significant that the planning permission for the cinema was revised from five screen to seven screens (848 seats). The development is strategically located close to the substantially upgraded A1(M) significantly improving connectivity to the centre of the town and improving its capacity for growth in the future. The town has been identified as the key focus for growth within the region by Richmondshire District Council and significant investment is pledged from both the Council, LEP and Ministry of Defence (MOD) over the next 20 years. The scheme was completed in 2015 and created an estimated 800 jobs. Lingfield worked in close partnership with the MOD and together with its engaging relationship with the community has delivered an enduring legacy for the troops, their families and the wider community.