Legal & General Property and Strathclyde Pension Fund have lodged plans for a £70m mixed-use scheme in Eastbourne, East Sussex.
The Performance Retail Limited Partnership has unveiled images of how the town centre could look by the end of 2015, if planning permission is granted.
The plans to extend the Eastbourne Arndale Centre include the demolition of buildings to the west of the centre and the construction of up to 22 ground- and first-floor shops, totalling approximately 175,000 sq ft.
Additionally, the redevelopment will deliver car parking spaces and a pedestrian access on to Terminus Road. Construction work on the scheme is expected to start within the next two years.
L&G head of retail development Simon Russian said: “Not only do we believe that this scheme has the ability to significantly enhance the retail offer of the Arndale Centre and the town as a whole, securing its place as the regional shopping destination, but that it will kick start the town centre’s much-needed regeneration.”
Nick.whitten@estatesgazette.com
