Betterspecs, a well-established local opticians, is to relocate next month into temporary premises within Wembley Central while St Modwen Properties and joint venture partners Rotch Property Group, proceed with its £75 million mixed-use redevelopment project, which includes the demolition of the optician¹s existing premises in Station Parade.
St Modwen has acquired Betterspecs existing lease and exchanged contracts to provide the firm with permanent premises of almost double its existing space in a prime position overlooking the new public square scheduled for completion in autumn 2008.
Killian Morris of St Modwen, explained: “We have negotiated sensitively with each of the tenants in Station Parade to achieve a mutually satisfactory outcome which gives us vacant possession to proceed with demolition and press on with the development of the new retail mall and public square fronting Wembley Central station and High Road.
“Betterspecs wanted to continue trading during the redevelopment so we are fitting out premises alongside Iceland where they will continue to service their customers until moving into their new permanent home.
The first phase of development at Wembley Central, begun last November, is now almost complete. Eighty-five affordable homes are being fitted-out partly in a new building and partly in Ramsey House, a former office building, which has been refurbished to provide apartments and about 23,000 sq ft of modern offices.
Work is about to begin on the next phase of regeneration which includes the demolition of Station Parade to make way for the new shops and stores which will include TK Maxx and Somerfield. Refurbishment of the multi-storey car park has also begun.
“When the new public square, the landmark buildings overlooking it, new shops, housing and other facilities are completed, Wembley Central will regain its original role as a worthy anchor to Wembley¹s High Street,” Mr Morris promised.
For further information contact Killian Morris (020 7499 5666). Issued by Paul Raymer of Howle Chapman Raymer (0121 236 7771).