Hercules Unit Trust has submitted a detailed planning application for approximately 100,000 sq ft of retail and leisure space at its
The investor wants to create 20 new retail units and six cafes and/or restaurants.
In addition, the application accounts for new landscaping, sustainable drainage, wind turbines and improved public transport links.
The 600,000 sq ft park has a cap on the amount of space allowed to trade there, so the application will recycle existing space.
The new units will be created from the disused tea factory, which closed three years ago, the Megabowl leisure unit, which went bust, and the Odeon cinema, which recently announced that it is to close.
In April, Hercules formed a £680m joint venture trust with The Crown Estate, which includes
The trust believes that the measures put in place will help to “soften” what is at present an urban and car-dominated park.
Mark Stirling, director at British Land Property Advisers, said: “Our investment throughout
“By investing in mechanisms to deliver sustainable energy we will help to both reduce long term costs for our tenants, as well as the burden placed on the local environment.”
