The developer has acquired the 2.3 acre Canal Corridor North site in Lancaster city centre, which includes the former Mitchell鈥檚 of Lancaster brewery.
A development agreement is also in place with Lancaster City Council for the acquisition of adjoining land to enable the delivery of a significant canal-side, mixed-use scheme across a 10 acre site.
Head of retail development Richard Wise said: 鈥淲orking closely with Lancaster City Council and English Heritage, our aim is to deliver a scheme that complements the site鈥檚 historical setting.聽 Lancaster has seen very little retail investment over the last two decades and we look forward to creating a retail and leisure destination to serve local people and attract significant numbers of visitors into the city.
鈥淲e are confident that a relatively modest initial investment could lead to a future development with a targeted end value of over 拢75 million.鈥�
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