BREAKING NEWS
 

Landlord's bid to help fill Square

Trusted article source icon
Saturday, February 23, 2013
Profile image for Nottingham Post

Nottingham Post

A CITY centre landlord has called for planning restrictions to be relaxed in a bid to encourage new retailers.

Aviva Investors owns two blocks in Trinity Square which contain 14 units.

Since the units were completed in 2007, more than half have remained empty.

The firm has now asked Nottingham City Council to allow the units to be used for purposes other than retail.

A Beautiful May Deal - 20% Off with this Voucher

Shayaa Natural

View details

Print voucher

Pay just £21.60 instead of £27 for half leg, bikini wax, under wax or eyebrow wax. Offer ends 31st May

Terms: mention thisisnottingham and present voucher

Contact: 0115 896 9579

Valid until: Friday, May 31 2013

In a statement submitted with its application, Aviva said: "The development of Trinity Square coincided with the onset of the economic crisis. This has had a stifling effect on the retail and leisure market and, as a consequence, a number of the units have remained unoccupied.

"The granting of planning permission will enable the wider marketing of the units so that potential tenants have a greater choice of units for occupation."

The two blocks are separated by Burton Street. The South block only has one unit occupied – by Harvester – while the North block contains PC World, TK Maxx, Cafe Nero, Waitrose and Cosmo.

Units in the North block can only be used for shops. Aviva has asked the council to give permission for four of them to also be available to financial and professional services, or restaurants and cafes and bars.

It also wants three to be allowed to house clinics, health centres, crèches or takeaways.

In the South block, three units have permission for restaurants and cafes and the other three for shops.

Aviva wants all units to have permission for shops, financial and professional services, restaurants and cafes and bars.

In addition to asking for greater flexibility in how it use the units, the company is considering creating three extra units by dividing some of the existing spaces.

The supporting statement continues: "Clearly, the vitality and viability of the Trinity Square development has been strongly affected by the economic crisis and this is borne out by the fact that the relevant units, the subject of this application, have remained (with the exception of Harvester) vacant, despite this being a high quality, multi-million-pound investment in a key city centre site."

4
Tweet this article
Report

4 Comments

  • Profile image for kent14

    by kent14

    Sunday, February 24 2013, 2:14PM

    “these empty shops are a nice little tax loss for a company with a massive portfolio. make them pay full bussisness rates when emty then they might reduce rents”

  • Profile image for brorabrora

    by brorabrora

    Saturday, February 23 2013, 4:22PM

    “And easier parking”

  • Profile image for mof_gedling

    by mof_gedling

    Saturday, February 23 2013, 11:33AM

    “its also the high rates that deter traders.”

  • Profile image for D99WR

    by D99WR

    Saturday, February 23 2013, 11:06AM

    “How about a simpler solution, lower rents.”

        Your comments awaiting moderation

        Add your comments

        max 4000 characters
         
         
         
         
         
         

        Tell us about your area

        Got some interesting news? Write about it and let your whole community know.

          Write an article