Classic revival

Article Abstract:

Th Grainger Town Initiative has been set up to undertake the restoration of of 450 listed buildings on 90 acre area in the centre of Newcastle-upon-Tyne, England, at a cost of 120 million pounds sterling. It is hoped that the scheme will bring 200 new business to the area and 2,400 new jobs. The restored area is also planned to include 700 residential dwellings. Local agents suggest that retailing must be developed and a major store encouraged to move into the area. They have also have expressed concern that the restored buildings will not be favoured by occupiers.

Administration of Urban Planning and Community and Rural Development, Urban Renewal Programs, Buildings, Urban renewal, Remodeling and renovation, England, Metropolitan areas, Newcastle upon Tyne, England

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Leaping high to get in step

Article Abstract:

The retail property market in the Tyne and Wear region of England is buoyant, thanks largely to the success of the MetroCentre in Gateshead. There is still great demand from retailers for space in the MetroCentre, in spite of the higher rents which have been introduced by its new owner, Capital Shopping Centres (CSC). It is thought that MetroCentre could be the UK's leading shopping centre in 1996, in terms of both turnover and profitability. The success of MetroCentre does not seem to have affected the Eldon Square retail scheme in Newcastle, also owned by CSC.

United Kingdom, Industry Overview, Retail industry, Retail trade, Tyne and Wear, England

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Stuck at a red light

Article Abstract:

There is strong demand for property development sites in the South Staffordshire region of the UK, but there is little industrial land available. Some planned development in Stafford is being held up by planning problems. There is growing demand for industrial space in Lichfield, while Lichfield's upmarket image as a cathedral city generates steady demand for office properties.

Staffordshire, England

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