Your new Weston Favell shopping
Weston Favell Shopping Centre first opened its doors to the local community on 29th October 1974 with much excitement and anticipation, boasting Europe’s largest Tesco and host of other well-known national and independent retailers. 2014 marks the centres’ 40th anniversary at the heart of the community, and Redefine International P.L.C. (“Redefine”), who purchased the centre in December 2013, plan to modernise and reinvigorate Weston Favell to provide a clean, vibrant and welcoming place for visitors to shop, spend time and socialise for decades to come.
The works, which began in January 2015 focuses on the customer journey and guest experience, creating a sense of arrival with improved external signage, a new canopied feature entrance and the reinstatement of the original atrium feature on the Lower Ground level to create a light, modern shopping environment. This will also create a multi-functional public space and new retail units. Other improvements include the launch of a new brand logo, decoration of interior and exterior areas, and new scenic lifts.
So far the redevelopment works have seen a complete overhaul of the lower mall entrance as well as brand new toilets including a state of the art Changing Places facility. The new toilets are located on the lower mall near to Jenny’s Restaurant. Some of the retailers that have already benefited from revamped unit space include Jenny’s restaurant, More Than Mobility, Superior Services and Nails 2005. The Fragrance Store and Costa, both on the upper mall have also recently had their redevelopment work completed. Standens Barn bridge has also been refurbished and was reopened back in July 2015 with Councillor Mary Markham doing us the honour of cutting the ribbon.
The redevelopment works are currently focused on the centre’s main lifts which are due to be completed in January 2016 and the removal and complete overhaul of the Westone Bridge which is due to complete in March 2016.
Redefine is an income focused REIT and a FTSE 250 listed company with a focus on long-term real estate investment throughout the UK and Europe in the retail, commercial and hotel property sectors. Redefine’s portfolio is valued in excess of £1bn, of which Weston Favell shopping centre is a key asset in the UK retail portfolio, along with other sub-regional shopping centres including St. George’s shopping centre in Harrow and Grand Arcade, Wigan.
Redefine is investing £4.6 million into phase 1 and 2 works at Weston Favell, together with a further £2m forward funding commitment for the service charge. This forms part of a longer term strategy which will see further investment in the central section and Northern end of the scheme together, with further improvements to the public realm. Following these works, Redefine will continue to invest in Weston Favell Shopping Centre, focussing on attracting new and exciting retailers and experience providers to the centre for many years to come.
Following these works, Redefine International will continue to invest in Weston Favell Shopping Centre, focussing on attracting new and exciting retailers and experience providers to the centre for many years to come.