Unit 1 Kingsland Centre, Thatcham, RG19 3HN
London & Cambridge Properties
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London & Cambridge Properties
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5 January 2025
Plans for a £158m redevelopment of the Kennet Shopping Centre in Newbury, Berkshire, have been rejected by councillors. Developer Lochailort Newbury had submitted an application which would see the 1980s-era shopping centre make way for a eight-storey flat development with 427 new homes. Also included was the creation of approximately 33,500 sq ft of new Class E floorspace. Under the terms of the proposals, the entire shopping centre would be demolished, except for the block housing a Vue Cinema.
4 October 2024
Savills has brought the long leasehold interest in Festival Place Shopping Centre in Basingstoke to market, on behalf of receivers BDO. The scheme comprises almost 1.13 million sq ft over 20 acres and is the primary retail destination in the London commuter town. The centre is anchored by Marks & Spencer, Next, and H&M, with other occupiers at the scheme including Superdrug, Apple, Nando's, Sports Direct, Five Guys, Tk Maxx, and Vue Cinema.
3 October 2024
Wagamama is set to upsize its existing unit at Festival Place, leading a trio of investments from food and beverage brands at the Basingstoke scheme. The pan-Asian restaurant chain will take a total of around 3,900 sq ft of space, allowing for an additional 46 diners. Wagamama has been in residence at Festival Place for over 10 years, offering a range of katsu curries, ramen bowls, and noodle dishes.