Gregory Projects pursue second phase of Parkgate development in Rotherham

Gregory Projects Limited has submitted a planning application to progress phase two of its retail development adjacent to Parkgate town centre in Rotherham.

The firm has already agreed terms for a pre let agreement with a national operator to take nearly half of the proposed 10,000 sq. ft of space.

Construction of the fully let 40,000 sq. ft phase one is well underway on the prominent four acre site located at the junction of Great Eastern Way and Broad Street with completion expected by July 2015. Aldi, Iceland and Home Bargains are all committed.

The scheme is designed to complement existing occupiers in the established retail area, which include ASDA, Morrisons and The Foundry Retail Park, with a discount goods offering.

Richard Tovey, Director at Gregory Projects (which is part of the Gregory Property Group) said: “We are pleased to progress to a planning application for phase two on the strength of an exceptional record of lettings for phase one. We have brought much needed discount retailers back to the area for the benefit of the Parkgate community.”

The Leeds office of GVA has advised Gregory on the pre-lettings and is marketing the remaining accommodation. Forward funding has been secured from Bramall Properties Ltd and Sheffield-based JF Finnegan is the main contractor.

The development is due to be completed by July 2015 at which stage units will be handed over for occupier fit out.