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9:26am Saturday 4th February 2012 in Business news
THE owners of a York shopping centre say its proposed £20 million revamp could prevent retailers turning their backs on the city.
LaSalle UK Ventures Fund, which owns the Coppergate Centre and land earmarked for the £200 million Castle Piccadilly development, warned this week that it would abandon its plans and sell the sites if an expansion of Monks Cross Shopping Park and a neighbouring scheme including John Lewis and Marks & Spencer stores are approved.
Monks Cross Shopping Park Trust, whose plans involve fitting mezzanine floors to existing shops and attracting anchor stores, said the scheme would create more than 300 full-time jobs and “safeguard” current staff.
“We want to offer a high-quality shopping experience and our proposals will help us achieve this,” said a spokesman.
“Monks Cross Shopping Park provides retailers with units to meet modern shopping requirements which cannot be met within York city centre. The proposed changes are designed to ensure the success of the shopping park is sustained.”
Comments(16)
Torycouncil2015
says...
10:27am Sat 4 Feb 12
Malcolm
says...
1:21pm Sat 4 Feb 12
BigJon
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1:58pm Sat 4 Feb 12
speaks99
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3:20pm Sat 4 Feb 12
Eric Bartholomew
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3:29pm Sat 4 Feb 12
speaks99
says...
3:32pm Sat 4 Feb 12
R'Marcus
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3:40pm Sat 4 Feb 12
Sarah York
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4:13pm Sat 4 Feb 12
R'Marcus wrote:Well exactly plus no one's saying it's 'either or'. LaSalle, rather than utterly embarrassing themselves and holding OUR City at ransom, could actually start coming up with ideas for the land they have than just sitting on In and using it as nothing but a bargaining chip for themselves. Anyone who nods and agrees with this bit of blackmail clearly doesn't have the best interests of York at hand whether they do want the monks cross development to go ahead or not. Shocking actions from LaSalle.
There is a place for Monks Cross and the city centre development!
More shops means competition for the shoppers, and this will good for all parties!
roskoboskovic
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6:26pm Sat 4 Feb 12
Sawday2
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6:33pm Sat 4 Feb 12
Even AndyD
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7:36pm Sat 4 Feb 12
mickrick
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8:08pm Sat 4 Feb 12
Magicman!
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9:36pm Sat 4 Feb 12
TerryYork
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11:58pm Sat 4 Feb 12
TerryYork
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12:07am Sun 5 Feb 12
Even AndyD wrote:I agree with this. Terrible one-sided reporting from the Press. I again ask why they didn't utilise a basic amount of journalism on the above before giving this ghost company free advertising.
Time for Press complaints commission. One sided reporting here - a developer doesn't like competition, well what do you know! Yet we see more column inches than the death of Diana. Ditto Adam Sinclair and his vested interest brigade. Would love to see who the main advertisers are with the Press, suspect we might see some interesting links.
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Justinheaven says...
10:24am Sat 4 Feb 12
y development for years and years