Capital & Regional's plans for revamp of Hemel Hempstead shopping centre approved

By Kasmira Jefford - Tuesday, October 17, 2017 10:14

Main news image
Capital & Regional’s plans for a £13m expansion and refurbishment of The Marlowes shopping centre in Hemel Hempstead have been given the green light by Dacorum Borough Council.

The proposals, designed by tp bennett, include a new 9-screen cinema, six restaurants and revamp of the northern entrance to the centre, which will act as the main gateway to the leisure offer.

Capital & Regional acquired The Marlowes shopping centre, which comprises 340,000 sq ft of retail space, for £35.5m in 2016. Since then it has spent an additional £18.3m buying nearby properties to consolidate its ownership in the town centre. Its plans for the shopping area add to Dacorum Borough Council’s own £30m town centre regeneration programme.

Gareth Holland, retail asset manager at Capital & Regional, said: “We are delighted that Dacorum Borough Council has approved our proposals for The Marlowes. These plans underline our strong vote of confidence in Hemel and we are very excited to get started on our programme of investment and improvement here. We want The Marlowes to support the renewal of Hemel and this decision brings that vision another step closer.”

The Marlowes is Hemel Hempstead’s prime retail destination. The shopping quarter is located in the heart of the town, with excellent links to the M1 and M25 and within close proximity to the train and bus stations.

It comprises over 100 retail units across The Marlowes Shopping Centre and adjacent buildings on The Marlowes Street. Stores include Marks & Spencer, Argos, Wilko, River Island, Poundworld, New Look, JD, The Perfume Shop, Ernest Jones and The Entertainer.

kjefford@costar.co.uk

Get in Touch
+44 203 205 4600