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Thu October 28 2021

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British Land plans £75m Lancaster regeneration

29 Nov 12 British Land has announced plans for a £75m retail scheme in Lancaster.

The old Mitchell's brewery
The old Mitchell's brewery

The developer has acquired the 2.3 acre Canal Corridor North site in Lancaster city centre, which includes the former Mitchell’s of Lancaster brewery.

A development agreement is also in place with Lancaster City Council for the acquisition of adjoining land to enable the delivery of a significant canal-side, mixed-use scheme across a 10 acre site.

Head of retail development Richard Wise said: “Working closely with Lancaster City Council and English Heritage, our aim is to deliver a scheme that complements the site’s historical setting.  Lancaster has seen very little retail investment over the last two decades and we look forward to creating a retail and leisure destination to serve local people and attract significant numbers of visitors into the city.

“We are confident that a relatively modest initial investment could lead to a future development with a targeted end value of over £75 million.”

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MPU
MPU

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