British Land completes £60m refurbishment of Meadowhall shopping centre

WCN Editorial Team 8 Dec 2017 EUROPE BUSINESS

British Land, the joint owner of shopping destination Meadowhall, has completed the £60m refurbishment of the centre.

During the two-year programme, £40m was invested in store upgrades by over 70 brands to Meadowhall’s line-up.

The total investment of £100m has resulted in an 8% increase in footfall on Black Friday and an increase in prime Zone A rental tone to more than £400, indicating demand for space with 30 new retailers signing in the last 18 months.

During the refurbishment, more than 1,200 jobs were created and 50% of the £60m expenditure has been awarded to SMEs.

The company has made 70% of the project expenditure within 25 miles of Meadowhall, with 55% spent in the Sheffield City Region.

Local companies, including Dearneside, SCS Group, EE Ingleton Engineering, Clearline, EMR and the Ron Hull Group, were employed for the transformation.

The company will now take up development of a Leisure Hall, for which the Sheffield City Council’s planning committee granted consent in September.

The £300m extension will add new catering and leisure facilities as well as enhanced public realm and other amenities to Meadowhall.

British Land head of retail, leisure and residential Charles Maudsley said: “The transformation we have achieved at Meadowhall is a great example of how we have listened to our customers and responded to their needs to create space that works for shoppers and enables retailers to thrive in an omni-channel world.

“It also demonstrates the value we place in working in partnership with the community to deliver significant, long-lasting benefits to the Sheffield City Region.”

British Land head of Meadowhall Claire Barber said: “Meadowhall is a very different place as a result of our investment. It is lighter and brighter; the space is more modern and the offer is significantly enhanced so it is the first choice for shoppers across the region.

“Together with our longer term plans for the centre, Meadowhall has a great future as one of the leading retail and leisure destinations in the UK.”

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