Grosvenor has revealed the first internal images of its long-delayed £700m regeneration of Preston’s Tithebarn area. The Duke of Westminster’s property company – which last July teamed up with Australian developer Lend Lease in a 50:50 jv to bring the project forward – is proposing a 1.5m sq ft mixed-use scheme in the Lancashire city. Plans for the development were first proposed in 2005, but its anchor, John Lewis – which will take a 230,000 sq ft store – was not signed up until January 2007. The scheme is scheduled for completion in 2013, five years later than originally planned.
Grosvenor has revealed the first internal images of its long-delayed £700m regeneration of Preston’s Tithebarn area. The Duke of Westminster’s property company – which last July teamed up with Australian developer Lend Lease in a 50:50 jv to bring the project forward – is proposing a 1.5m sq ft mixed-use scheme in the Lancashire city. Plans for the development were first proposed in 2005, but its anchor, John Lewis – which will take a 230,000 sq ft store – was not signed up until January 2007. The scheme is scheduled for completion in 2013, five years later than originally planned.
