Chester's Northgate is among retail schemes expected to come forward during this development cycle, and will feature at the event
Chester's Northgate is among retail schemes expected to come forward during this development cycle, and will feature at the event

Funding advisor named on £300m Chester Northgate

Cheshire West & Chester Council has appointed Strutt & Parker to provide advice on the funding options for the £300m Northgate development.

Northgate is a 400,000 sq ft retail-led mixed use scheme incorporating residential, hotel, market, offices and cinema, planned for the North West of Chester city centre.

According to the council, Strutt & Parker will evaluate the various future options and identify the most appropriate funding route to develop the scheme, which has been in the offing for over a decade.

A planning application was submitted at the end of May by the council’s development manager, Rivington Land, and a planning decision is due to be made this autumn.

If approved, it is expected that the first phases of development will begin in mid-2017 and it is anticipated that the whole scheme will be completed in 2021.

Strutt & Parker, which was appointed following selection through a competitive OJEU process, will work alongside Rivington Land.

Mike Rowlands, head of retail at Strutt & Parker, said: “We are extremely pleased to have been selected by the council as its funding advisor on the Chester Northgate development. The proposed scheme will provide customers with a high quality shopping experience and investors with a dominant regional asset that will deliver long term income and capital growth.”

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