New plans revealed by Crown Estate to extend Leicester’s Fosse Park shopping outet
The Crown Estate has submitted plans for a 150,000ft² extension of its Leicester retail park to include 26 new shops and a landmark new Next store.
The Crown Estate has reached agreement to buy the 12.5-acre Castle Acres site to allow a major extension to Fosse Park shopping outlet. A joint application has been submitted to Blaby Disctrict Council by the Crown Estate, Next and Everards Brewery for the scheme, which would create approximately 1,100 jobs.
Crown Estates head of regional portfolio Hannah Milne said: “This key strategic acquisition unlocks opportunities for further investment to enhance Fosse Park’s position as a truly best-in-class asset, providing visitors with one of the best shopping experiences in the UK.
“We look forward to working with Next and other key local partners like Blaby District Council and Leicester City Council to bring forward this exciting new development for the local area.”
Property director at Next Dominic O’Rourke said: “The extension of Fosse Park will allow us to combine our existing stores to create a new, three-storey landmark store. Following a successful period of public consultation, we look forward to working with The Crown Estate to further enhance Next’s offer at Fosse Park.”
The site purchase and funding of the new development is conditional upon planning permission being granted by the local authority.