New designer outlet centre to open in Lincolnshire
Plans have been approved for a £125 million designer outlet centre in Grantham in Lincolnshire.
Spanning 220,425 square feet, the new centre will be situated next to the A1 and have space for 107 shops.
The plans have been put forward by independent retailer Oldrids & Downtown, which has been trading in Lincolnshire for more than 200 years. The centre will be built on land surrounding the existing Downtown store and will be developed by the retailer in partnership with Freeport Retail which will also operate the scheme.
Richard Broadhead, managing director of Oldrids & Downtown, said: “Our major investment will significantly enhance the retail offer both in Grantham and the wider area, and bring a host of new facilities and job opportunities to the region.
“The designer outlet centre will comprise premium tier one brands, many of which we already partner with. The development will attract more visitors and tourists to the area, boosting the local economy.”
The site already has a footfall of two million people per year and the developers are forecasting that the new centre will attract a further three and a half million visitors to the area.
The scheme, which will create more than 1,700 jobs, will also include a new ‘Downtown at Home’ store, an indoor leisure unit, a new tourist information and visitor centre, and a redeveloped garden centre. In addition, there will be space for local businesses, including a high-tech hub and incubator start-up offices, and a new training academy.
