Work isexpected to start next month on the stalled £350m Trinity Leeds retail scheme, developer Land Securities has today announced.Work on the development was put on hold 16 months ago because of the recession.
The 1,000,000 sq ft development in Leeds city centre will have 120 shops and restaurants.
It is already some 47% pre-let or in solicitors’ hands and has attracted new flagship stores for TopShop/TopMan, H&M, River Island and Next and secured new brands for the city with Hollister and Cult. The new retailers will join existing retailers including Marks & Spencer, Bhs and Boots.
The project will create up to 1,000 construction related jobs at the peak of its development programme and will employ an estimated 3,000 retail related positions upon completion.
Richard Akers, managing director retail for Land Securities said: “We have seen a building of momentum with the level of secured lettings demonstrating the confidence in Leeds as a destination and in the Trinity Leeds project, which is the first major development scheme outside London to go live. The quality of retailers that we have signed to the scheme supports Land Securities’ view that there is demand from retailers for the right property in the right location.”
The development is due to open in spring 2013.