A construction start on £10 million ($14.3 million) project isanticipated for the spring with completion by Christmas 2002. Thescheme will comprise two retail units of 15,000 sf and 25,000 sffronting Chapman's Yard and four retail and leisure units on StThomas Street of between 7,500 sf and 10,000 sf each. Three ofthese six units are already under offer to national operators withstrong interest expressed in the remaining space.

This is CNP's second retail development in Scarborough. Lastyear it built two units on Westborough which have been let to HMVand New. CNP Managing Director Andrew Yates said: 'Our Westboroughventure was a resounding success, and we have built on the localinsight that we acquired during its development to create a secondscheme which will further increase Scarborough's reputation as avibrant shopping destination and complement its distinctivecharacter'

Jones Lang LaSalle and Wright & Partners are lettingagents.