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Bull Ring in Kidderminster receives consent for transformation

TIAA Henderson Real has received full planning consent for its exciting proposals to transform the Bull Ring in Kidderminster and to provide more retailing and restaurants at Weavers Wharf.

Consent was granted by Wyre Forest District Council, on 8 April 2014, paving the way for the demolition of Crown House and the delivery of a major new public square. The River Stour will be opened up and will provide a fantastic setting for markets, fetes and other events, flanked by new restaurants and cafes. The plans include new trees and landscaping, new street furniture, seating and extensive areas of pedestrian priority space. 

The area will also include a flexible area for short stay parking which will be available for use when markets or events are not being held.  In addition, proposals for Weavers Wharf include:

• A new anchor retail unit of 6,050 sq m GIA (over two floors)
• 3 restaurants next to the canal
• 3 café/retail units overlooking the new square
• A new bridge over the Staffordshire and Worcester Canal to provide access to Matalan directly from Weavers Wharf retail park 

Weavers Wharf is one of 15 assets within TIAA Henderson Real Estate’s c. £1.07 billion UK Retail Warehouse Fund. The proposed extension will add 7,451 sq m of additional retail space to an already successful retail location. Current tenants include Marks & Spencer, Debenhams, Next and Boots. A key component of the proposal is to improve the retail offer of the town and better link Weavers Wharf to Vicar Street and Exchange Street in order to enhance access to the town and interconnectivity between the two components which will enhance footfall and activity throughout the day. 

Turley advised TIAA Henderson Real Estate throughout the planning process.  

Martin Perry, Director of Retail Development at TIAA Henderson Real Estate, said: “We are delighted to have achieved planning permission for what will be a very valuable contribution to Kidderminster’s town centre. We are committed to progressing the scheme as soon as possible. These plans will breathe new life in to this part of Kidderminster, expanding the boundaries of the town centre and adding a quality new development for residents.” 

Marcus Hart, Leader of the Council, Wyre Forest District Council, said: “I am delighted that the district's plans for the regeneration of Kidderminster took a huge step forward last night as plans to demolish Crown House and reconfigure the Bullring as a public square were given planning permission as part of a wider redevelopment of the Western Gateway into the town proposed by our partners TIAA Henderson Real Estate. We are very pleased to be working with the owners of Weavers Wharf on our shared ambition to improve Kidderminster as a quality town centre.” 

 

Disclaimer
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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