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Princesshay Partnership submits planning application for £70m restaurant and cinema scheme

Princesshay

The Princesshay Partnership, comprising The Crown Estate and TH Real Estate, has submitted an outline planning application to Exeter City Council for a circa £70m redevelopment of Exeter’s bus and coach station.

The Princesshay Partnership, comprising The Crown Estate and TH Real Estate, has submitted an outline planning application to Exeter City Council for a circa £70m redevelopment of Exeter’s bus and coach station.

The plans include over 180,000 sq ft of new restaurants, cafes and shops as well as a new cinema and a substantial new public space in the form of an amphitheatre. The scheme is designed to complement the existing successful retail and leisure offer at Princesshay, which includes leading brands such as Topshop, Topman, River Island, New Look, Apple, Joules and Fat Face, as well as restaurants like Carluccios, Byron and Jamie’s Italian.

John Grinnell, speaking on behalf of the Princesshay Partnership said: “As the region’s best shopping and leisure scheme, Princesshay is a fantastic asset for the city and we’re committed to improving it even further, whether that’s by bringing in great new brands and restaurants, or working with the council to regenerate the bus station site.
“It’s an extremely complex project and there’s still a long way to go in planning and design terms, but we’re really pleased to submit an outline application, which is an important step in unlocking the true potential of this gateway to Exeter.”  

The partnership held a public consultation on its initial proposals last November at the former Blue Wing Gallery at Princesshay which saw 76% of people agree that the scheme was a good thing for the city and a majority of respondents welcome the opportunity for an enhanced restaurant and leisure offer.

The Partnership’s strategy for Princesshay includes investing to improve public spaces, enhancing the food and beverage offer, and continuing to bring in new high quality retailers to boost the shopping offer.

Issued by Henderson Real Estate Asset Management Limited, 201 Bishopsgate, EC2M 3BN. Authorised and regulated by the Financial Conduct Authority. TH Real Estate is a name under which Henderson Real Estate Asset Management Limited provides investment products and services.

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