News

Cambourne pre-lets agreed - 2013

Contracts have now been exchanged for three lettings of Newcrest’s retail development within the centre of Cambourne.  Phase 1 of the development is now 100% pre-let to Home Bargains, Iceland and Just For Pets and construction should commence in early 2014.  Further pre-lettings at Phases 2 and 3 will be announced shortly. 

Newcrest purchases Willen Local Centre, MK - 2013

Newcrest has purchased Willen Local Centre from Milton Keynes Parks trust.  This established centre was built in the 1980s and is in urgent need of investment, with around forty per cent of the accommodation currently vacant.  A planning application has been submitted to reconfigure the retail units to create a larger, anchor convenience store in the centre of the scheme, with smaller shops surrounding it.  Pre-lettings for the new scheme will be announced once planning consent has been achieved.

Newcrest purchases Local Centre site in Hucknall, Notts - 2013

Newcrest has acquired a 1.75 acre site off Papplewick Lane in the west of Hucknall, within a major new housing development.  Plans will be submitted in early 2014 for a mixed use development set around a local retail centre, and a pre-letting has already been agreed with a lead food store operator for the anchor convenience store.

Adam Forster joins Newcrest - 2013

Adam Forster has joined Newcrest from Rapleys.  Adam’s role within Newcrest will be to work alongside the directors to both let the company’s expanding development portfolio and to acquire new sites and existing local centres with development and asset management potential.

Newcrest director, Duncan Mason commented:  ‘We are very pleased that Adam has agreed to join us.  He will provide invaluable support for our expanding development pipeline and his appointment is further expression of our intent to cement Newcrest’s position as a leading developer of Local and Neighbourhood centres throughout the UK’.

Planning Consent granted at Oakridge Park, Milton Keynes – 2013

Planning was approved in Milton Keynes Council’s January committee for Newcrest’s mixed use development to comprise a foodstore of 23,315, five smaller shops of approx., 1,000 sq ft each plus offices, medical accommodation and eight houses.

Newcrest director, Duncan Mason commented:

“This is an important new development both for the local Oakridge community and for the wider north east sector of Milton Keynes, which has never benefitted from the presence of a larger food store for weekly and convenience shopping. The smaller shops and the medical/office units are equally important for the success of the scheme as a whole, as will be the adjacent Country Park and we expect this location to become an important hub for both local shopping, leisure and medical uses – particularly with the new medical centre having already opened in mid 2012”.

Planning Consent granted at Cambourne - 2012

Newcrest gained planning consent at S. Cambs November committee meeting to develop some 32,000 square feet of new shops in the centre of Cambourne. The new shops will be split over two sites fronting the main town car park and the high street and will range in size between around 4,000 sq ft and 11,000 sq ft.

Newcrest director, Duncan Mason commented:

“This is an exciting development for Cambourne which we have carefully worked up with the Taylor Wimpey, Bovis, and the district and parish councils. Its design and presence is intended to create added vibrancy within the town centre and to reflect tenant demand”

Newcrest is in advanced discussions with a number of national retailers and leasing announcements are expected in the New Year, with construction expected to begin later in 2013.

Archive

Newcrest is one of the UK's leading developers and investors in community and neighbourhood real estate.

Target assets range in size from small neighbourhood retail parades to larger local and district centres. Whilst most of these schemes are ‘retail led’, they frequently incorporate a wide mix of other uses including offices, leisure, childcare, medical facilities, hotels and care homes.

Although disparate in use, the common theme is that the locations form the nucleus of a significant catchment of dwellings, where thoughtful design and management can create vitality and a sense of community.