Redevelopment of Guildford Debenhams could include shops, restaurants and access to the river

A new planning application for the redevelopment of Debenhams in Guildford has been submitted. Property developer Native Land bought the site in December 2020 and proposes to turn the site, now called St Mary’s Wharf, into a new and sustainable riverside destination for the town. The site has been empty since Debenhams closed its doors in May when the company went into administration. The submission follows three rounds of public consultation for the creation of a high-quality development with new public access to the River Wey as well as shops, eateries…

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Wigan approves £135m regen in face of resident criticism

A hybrid application for the redevelopment of the 440,000 sq ft Galleries Shopping Centre has been backed by the council, paving the way for a start on site in January.  Approval comes in the face of public backlash over the loss of the old indoor market and the appointment of China-backed construction firm BCEGI as part of the development consortium.  BCEGI, in a joint venture lead by Chester-based developer Cityheart, sought hybrid consent for the £135m development at a meeting of Wigan Council’s planning committee yesterday.  At one point during the meeting, an objector…

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Private equity deals surge in F&B market

Grant Thornton’s latest food and beverage insights found that the total deal value for PE in Q3 has also increased, up from £1.98bn in Q2 2021, to £3.7bn Of the 32 deals announced in the food and beverage sector in Q3, 44% involved private equity (PE), a “significant” increase compared to the 33% in Q2, according to new research from Grant Thornton. The deal value this quarter was notably inflated by PAI Partners’ acquisition of PepsiCo Inc. Excluding this, however, the total disclosed deal value involving private equity for Q3 was…

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