The first phase involves relocating the existing market so that larger shop units can be installed which will also improve pedestrian flow. The new market will provide around 50 stalls and the work will take around six months. The bulk of multiple retail activity takes place on the North Mall where Boots, Tesco and Kwiksave are located which is why St Modwen has tied up a deal with a 75,000 sf foodstore, hotly tipped to be Wal-Mart's Asda, and is relocating the local leisure operator onto the South Mall, where the company also aims to pull in a number of food operators.
'Edmonton Green is a classic, tired looking 1960s-style centre,' said Colin McQueston, Asset Manager at St Modwen, 'which we aim to transform by providing a number 5,000 sf stores which is what many of today's retailers are looking for and pulling in users which will boost the appearance and attractions of the scheme.'
The overall project is expected to take three and a half years and in the short term zone A rents on the standard shop units are expected to jump from between £25-£30 ($35 -$42) per sf to nearly £50 ($70).
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