Meadowhall extension plans move forward

21st May 2012 Yorkshire

Meadowhall owner British Land has said it has submitted plans for a new 52,000 sq ft retail-led development on the land adjoining the Sheffield shopping centre.

The property investment giant, which sold a 50 per cent interest in land surrounding Meadowhall during the year, added that it had agreed nearly 50 new long-term transactions at the location in the year to 31 March, with tenants such as Urban Outfitters, Carluccio's, TK Maxx and Beaverbrooks, the Jewellers.

This was part of a programme of increasing the proportion of premium retailers to attract more affluent shoppers, British Land said.

The company, which increased underlying pre-tax profit to £269m during the year, also completed the £7m redevelopment of the Oasis food court at Meadowhall adding seven new restaurants with tenants including Giraffe, Carluccio's and Chao Baby.

Meadowhall was built by Yorkshire entrepreneurs Eddie Healey and Paul Sykes, opening in 1990. It was bought by British Land in 1999 for £1bn.

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