London & Amsterdam, a joint venture between Dutch company ING Real Estate and UK-based London & Easter Properties, has unveiled plans for a £30m shopping centre development in central Truro, Cornwall.
The partners expect to win consent in the summer for the 18,580 sq m (200,000 sq ft) scheme on council-owned land at the end of Pydar Street. The complex, which will be built on two levels, will include a department store and 800 parking spaces.
Ian Pearce of London & Easter Properties said the development would be a success because little development has taken place in the area for some years. He added: “The town has a large catchment area and there is a shortage of decent-sized units.”
The joint venture is also behind Midsummer Place, a £100m shopping centre scheme in Milton Keynes, Buckinghamshire, which is ING’s first retail venture in England.
Work on the Truro scheme is expected to start at the end of 1998.
EGi News at MIPIM 97 (13/03/97)
