Salmon Harvester Opportunity Fund (SHOF) has picked Speller Metcalfe as the chief contractor for the £20m redevelopment of Cathedral Square shopping centre in Worcester, UK.
Work for the project is expected to start this month and scheduled for completion in early 2017.
Go deeper with GlobalData
The project aims to redevelop the southern end of the shopping centre, create a new terrace level overlooking the cathedral with eight new restaurants, a reconfigured Travelodge hotel, additional retail space, gym, coffee shop and new public square.
Worcestershire County Council and Worcester City Council are jointly funding the project, which will offer new space for public events and for residents, visitors and shoppers to dine and relax once complete.
Salmon Harvester Opportunity Fund asset manager Nick Webb said, "We have been consulting and working on these plans for some time and are delighted to have appointed local contractor Speller Metcalfe.
See Also:
"We believe that by providing a £20 million scheme extension into existing redundant space and bringing exciting new names to the city, we will be giving the shopping centre a brand new lease of life.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData"The eight restaurants will create a vibrant new dining destination. By providing an improved leisure offer we expect to improve dwell times at the centre, which will benefit existing tenants."
Speller Metcalfe managing director Des O’Neill said: "This is a fantastic scheme for Worcester, which will regenerate the existing Cathedral Plaza shopping centre and draw visitors into the local area."
Worcester City Council deputy leader Marc Bayliss said: "This ambitious project will build on Worcester’s growing reputation as a fantastic shopping and leisure destination.
"This welcome development will create a new vibrant hub expanding the city’s existing evening economy."
Image: The local contractor is expected to complete the project by spring 2017. Photo: courtesy of Speller Metcalfe Malvem Limited.
