Henderson gets go-ahead for regeneration scheme

Henderson Global Investors has secured planning consent for a foodstore-led regeneration at Central Retail Park in Manchester.

The revamp will be led by Henderson's flagship £1 bn Retail Warehouse Fund, which is investing £40 mln (€47 mln) in the 19,500 m2 scheme.

Central Retail Park is an established retail park on the edge of Manchester city centre. The regeneration will see the demolition of the retail units on the eastern part of the site, making way for a new 90,000 sq ft supermarket, cinema and smaller retail units with underground parking. The scheme will also refurbish and upgrade four retained retail units.

Katherine Friend, head of asset management, retail warehousing at Henderson, said: ‘The redevelopment at Central Retail Park will crucially expand our tenant mix in the centre, benefitting both its retailers and consumers alike.’

Work on the site is expected to begin later in the year.