The first phase of the Friars Walk development is underway with the demolition of shops in the John Frost Square area and the former Capitol car park and the bus station. This takes Newport another step closer to a regenerated city centre which will benefit businesses and residents.
Queensberry Real Estate has announced that Next and Top Shop have exchanged on 20,000 sq ft (1,850sqm) and 10,000 sq ft (925 sqm) units respectively at the Friars Walk development. Queensberry has also confirmed that five of the 10 restaurants are now under offer and three other major fashion retailers are in advanced discussions to take space.
Debenhams has already confirmed it will be the key anchor store and cinema chain Cineworld has been named as the operator of the eight-screen multiplex which will be part of the leisure scheme. It will anchor the leisure element of the development and will offer a state-of-the-art, all-digital 8 screen cinema.
Friars Walk will bring more than 390,000 sq ft of modern, well-configured retail and leisure space, creating more than 1,100 jobs. It will include 35 retail units, restaurants, 360 parking spaces and a new bus station.
This first step will pave the way to creating the landmark department store, together with 35 shop units, an eight-screen cinema, up to ten restaurants and cafes, a new bus station and a 360 space car park.
As well as creating up to 1,100 new jobs, the Friars Walk scheme will provide more than 39,000 square metres of retail floor space together with a new John Frost Square.