Lincolnshire Co-op has appointed KLM Retail as joint agents on its £70 million rejuvenation of the Cornhill Quarter in Lincoln City Centre. KLM Retail will work alongside local agents, Banks Long and Co, who have been working on the scheme for three years.
Lincolnshire Co-op is targeting a mix of nationwide and local brands for the scheme, which KLM Retail's specialist retail and leisure leasing expertise will help to deliver alongside Banks Long and Co.
The scheme is already progressing well following completion of phase one, the £12 million refurbishment of the Corn Exchange building. Cosy Club, Moss Bros., Flying Tiger Copenhagen and Thomas Cook are all now trading in the building.
Ursula Lidbetter, CEO of Lincolnshire Co-op, said: "We have a great team currently working on the project, who've already brought some standout names to Lincoln. With its professional and progressive approach, KLM Retail will work with Banks Long and Co to bring even more ambitious names to the Cornhill Quarter."
Phase two of the redevelopment is also now underway and due for completion before Christmas 2018. This phase of works will provide 23,000 sq ft of retail space, as well as a bright, attractive walkway through to the recently opened 1,000 space multi-storey car park.
Lincolnshire Co-op secured planning permission for phase three of the development in late March 2018. This phase will deliver a further 30,000 sq ft of retail and leisure space, with Everyman Cinema already signed up.
Oli Marcroft, KLM Retail, commented: "We are really excited to be part of such a unique development. Lincolnshire Coop knows and understands Lincoln better than anyone else and is ensuring all the architecture and history of this city is maintained, whilst providing suitable space for retailers and restaurant operators. "
Banks Long has made great progress securing the brands so far and we look forward to adding our skills and contacts to deliver an attractive and successful offering to Lincoln City Centre."
The redevelopment has already attracted attention with the £12 million redevelopment of the Corn Exchange being named 'Heritage Project of the Year' at the Greater Lincolnshire Construction and Property Awards in February, and has been shortlisted in the Building Conservation category of the Royal Institution of Chartered Surveyors' (RICS) East Midlands' Awards.