Queensberry Real Estate (on behalf of Merseyside Pension Fund) has submitted a planning application for the proposed refurbishment and reconfiguration of the 60,000 sq. ft. Tunsgate Square shopping centre in Guildford.
The developers say that the proposals “provide a major opportunity to establish a distinctive retailing quarter, which complements the high-end retailing of this area of Guildford’s High Street”.
Jon Munce, a partner at Queensberry, said: “Queensberry has a great opportunity to successfully identify, manage and deliver a shopping centre refurbishment which re-establishes Tunsgate Square’s distinctive position within Guildford. Our proposals are designed to respond to Tunsgate Square’s current challenges and opportunities, and we look forward to progressing to a successful planning consent, which we would hope to achieve early next year.”
Subject to the granting of planning permission, Queensberry anticipates that work will start on site in mid 2015 and will open in mid 2016 to provide “70,000 sq ft of high quality retail and leisure space”.
The construction cost is estimated at £10 million.
Tunsgate Square shopping centre was built in 1972 and was renovated in the 1980s, with the High Street frontage partially rebuilt and a glazed roof installed in the square.
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Contact: Martin Giles mgilesdragon@gmail.com
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