Westfield Derby, Derby - the redevelopment and extension of an existing shopping centre with a leading-edge retail centre, for Westfield & Hermes Pension Fund
Project: Westfield Derby's ‘state of the art’ retail centre in the heart of the city centre, which provides retail, catering and leisure facilities.
The development of a major new 85,000sqm shopping and leisure scheme in Derby city centre, thereby improving Derby's position in the retail hierarchy. It involved the redevelopment of an out-dated shopping centre and the creation of a new 'state of the art' retail centre, anchored by Marks & Spencer, Debenhams, Next, a Showcase cinema and an 800 seat food court.
Role: Strategic Advisor on the development
Strategic Advisor to the Investment Partnership of Westfield and Hermes, leading international retail developer and major Pension Fund.
Result: Strategic repositioning and improvement of Derby as a regional retail location
The centre opened in late 2007 and introduced a large number of new retailers to the city. The scheme has been a huge success and Derby is now a much stronger retail centre than before the scheme was developed.