Back
News

St Austell redevelopment moves forward

David McLean Developments and South West of England Regional Development Agency have exchanged contracts for the £75m redevelopment of St Austell town centre.


The scheme will include 155,000 sq ft of new retail on three levels, 20,000 sq ft of A3 use, a new four-screen cinema, a 550-space multi-storey car park and 70 apartments.


Unit sizes range from 1,560 sq ft to 40,000 sq ft.


The agreement allows an existing cinema to be demolished and a new cinema to be built by autumn 2008.


The RDA is investing a total of £31.5m in the project, with the rest coming from David McLean Developments.


Richard Dean, managing director of David McLean Developments, said: “With contracts now signed we will soon be in a position to announce some of the new retailers that we already have lined up to take space in the new development.”


Agents CB Richard Ellis, Bristol.


neil.jones@btconnect.com

Up next…