Hammerson Gains £30m Merthyr Retail Park Consent
Developer Hammerson has gained consent to extend Cyfarthfa Retail Park in Merthyr Tydfil bringing Marks & Spencer to the South Wales town. Merthyr Councillors voted unanimously to support the extension which represents an investment of up to £30m. The approved proposals include building a 50,000 sq ft full-line Marks & Spencer store offering clothing, homeware and food on the main park, along with five further stores for new retailers.
The existing B&Q store will be relocated to the former Thorn Electrical site on the other side of the Swansea Road, along with two additional new retail stores. Work is due to start on the 14,500 sq m extension later this year with the aim for the new stores on the Thorn site, including the new B&Q, trading early in 2014. The new stores on the main park will be ready by Christmas 2014.
Hammerson completed construction of Cyfarthfa Retail Park in January 2005. The scheme is fully let and comprises 13 retail units and three fast food outlets. The retail park, which is one of the most successful in South Wales, also includes a DW Sports health club, and parking for over 1,000 cars. An agreement for lease with Marks & Spencer has been exchanged which will enable the extension of the park allowing new fashion retailers to strengthen the retail line up.
Development Manager at Hammerson, Russell Beresford said: “This is great news for the retail park and for Merthyr Tydfil as a whole. The £30m investment provides a real boost to the town’s offer, and much needed employment opportunities with hundreds of new jobs. We share the council’s ambition to make Merthyr Tydfil the premier shopping destination in the Heads of the Valleys; bringing in Marks & Spencer and extending the retail park will add to the overall draw of the town and act as a catalyst for further investment.”