Thank you for sharing!

Your article was successfully shared with the contacts you provided.

LONDON-Deputy Prime Minister John Prescott has given the green light to Land Securities’ £135 million development to regenerate the Princesshay/Bedford Street area of Exeter city centre in Devon. Exeter City Council has already granted planning permission for the scheme following conservation watchdog English Heritage’s decision to withdraw its objections after Land Securities reworked its proposals.

The 450,000-sfscheme is retail-led, and will be anchored by a 120,000-sf department store supported by four large stores and over 50 new shops. More than 100 apartments and a range of cafes and restaurants, opening out into a series of new public squares are integral to the masterplan.

It is anticipated that construction work will begin in Autumn 2003, with the new mall opening for trade by Autumn 2006.

Land Securities Group Chief Executive Ian Henderson said: “Land Securities has long been committed to the regeneration of Exeter and we are delighted that the Deputy Prime Minister has endorsed our plans to create a vibrant new heart for Exeter with the largest single investment in its history.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt. NET LEASE Spring 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.