The development of Wakefield’s 550,000 sq ft Trinity Walk shopping centre will restart next year after a consortium comprising Sovereign Land, AREA Property Partners and Shepherd Construction bought the project from administrator KPMG. The half-built scheme was placed into administration in March after Modus Properties was unable to provide a £50m cash injection for the £150m development. Completion is now scheduled for easter 2011. The concept and plans for the shopping centre remain largely unchanged. There will be a key fashion emphasis with a new Debenhams department store as the focus. Leader of Wakefield council Peter Box said: “This is fantastic news and we are now looking forward to seeing this important city centre development completed, which will breathe new life into our economy. “The council has been working hard behind the scenes to help find a new developer and we are delighted to see this latest progress which will hopefully once again see Wakefield buck the national trend and continue its regeneration.”
The development of Wakefield’s 550,000 sq ft Trinity Walk shopping centre will restart next year after a consortium comprising Sovereign Land, AREA Property Partners and Shepherd Construction bought the project from administrator KPMG.
The half-built scheme was placed into administration in March after Modus Properties was unable to provide a £50m cash injection for the £150m development.
Completion is now scheduled for easter 2011.
The concept and plans for the shopping centre remain largely unchanged.
There will be a key fashion emphasis with a new Debenhams department store as the focus.
Leader of Wakefield council Peter Box said: “This is fantastic news and we are now looking forward to seeing this important city centre development completed, which will breathe new life into our economy.
“The council has been working hard behind the scenes to help find a new developer and we are delighted to see this latest progress which will hopefully once again see Wakefield buck the national trend and continue its regeneration.”
samantha.mcclary@rbi.co.uk
