27/11/2012

THE MALL, CAMBERLEY – EXTENSION UPDATE

POSTED IN General

The Mall Fund has appointed Centros as its development manager for an extension of up to 250,000 sq ft at the Mall in Camberley.

The Aviva Investment and Capital & Regional joint venture plans to develop the extension on a 5 acre site between the A30 London Road and the existing 377,000 sq ft centre in the town.

The scheme is expected to include a new anchor store and be worth between £75M and £100M when completed.

The trio are working up a masterplan and a planning application is expected to be submitted by the end of next year.

Surrey Heath Borough Council has also appointed Montagu Evans to work alongside Capital & Regional, Aviva Investors and Centros.

The Centros appointment comes after Sovereign Land bought an 87.5% stake in the urban regeneration specialist in July.

SOURCE : PROPERTY WEEK 9TH NOVEMBER 2012