Construction has started on a £6 million plus programme of works to transform the empty Arcadia Shopping Centre into a new landmark retail destination for Ealing, 1-8 The Broadway.
Benson Elliot, a leading UK-based private equity real estate investor, secured planning consent from Ealing Council in June for a major redesign and conversion of the existing building, turning 25 small shops into 3 large stores fronting The Broadway.
The revamped building, designed by award-winning architects Allies & Morrison, will set a bright and modern tone for the north side of the Broadway while respecting local architecture and the site’s prominent location. It will also see the current clocktower replaced with a striking new illuminated terracotta lantern, featuring a clock.
Three major high street retailers have now signed up to take the entire 100,000 sq ft, Morrisons will open its new high quality ‘Fresh Market’ store (47,000 sq ft), TK Maxx will double the size of its existing unit (43,000 sq ft) and McDonalds will move from their current location to take the prominent corner unit (9,000 sq ft).
Main contractor Knight Harwood are due to complete the works by summer 2014, with the new stores opening in time for Christmas 2014 trading. TK Maxx will continue to operate as normal during the building works.
As part of the employment opportunities created by the development, links are being established by the retailers and Knight Harwood with local apprenticeship organisations to ensure local people benefit from the project.
Peter Cornforth, Director of Retail at Benson Elliot, said:
“The start of building work on this critical site is a great step forward for Ealing town centre. Almost 100,000 sq ft of quality retail space, three big high street names and £6 million spent transforming a tired building; this is priceless news for Ealing Broadway.”
“With construction starting now, 1-8 The Broadway will be open and trading by late autumn 2014. Christmas will be coming early for Ealing next year.”
Andrew Birtwistle, Development Executive at Morrisons, said:
“We’re delighted that work has started on site and this takes us an important step closer to bringing our unique fresh food offer to Ealing Broadway. Ealing is an exciting growth area and our new full format store here marks another important milestone in our London expansion programme. The Broadway store builds on the success of our new Morrisons M Local store which opened in Ealing earlier this year. We’re looking for opportunities to invest, create jobs and bring great quality food shopping to new areas across London and we look forward to continuing our work with Benson Elliot in Ealing.”
This major reconfiguration marks the first phase of a comprehensive reworking of the Arcadia site. Benson Elliot’s initial acquisition of the 2.8 acre Arcadia portfolio in December 2012 was followed in March this year by the acquisition of 12-14 The Broadway, taking the company’s total investment in the town centre to circa £50 million.
Work on the rest of the portfolio will follow shortly with Benson Elliot starting consultation with local communities by the end of the year. These plans, also designed by Allies and Morrison, will most likely include a core of residential development surrounded by new retail space and quality public realm. The arrival of the £18 billion Crossrail project from 2018 will further improve the area’s accessibility, reducing commuting times to central London by up to 50% and enhancing Ealing’s popularity as a place to live, work and socialise.
Notes to editors
About the construction works
The construction works package is worth around £6 million and will be led by the main contractor, Knight Harwood. Work is due to take around 10 months and commenced on Monday 14th October 2013.
Internal work to the Arcadia Shopping Centre includes a full reconfiguration of the inside of the building, removing the escalators and taking down partition walls. This will create a major store across the upper level (TK Maxx) – accessed via escalator and lift from a Broadway unit, whilst retaining a revamped Spring Bridge Road entrance – Morrisons will take the large store at ground floor, with prominent double height frontage to The Broadway, McDonalds will occupy a brand new unit on the corner of The Broadway and Spring Bridge Road.
External works include a complete redesign of the building’s three facades, including:
- A new corner entrance on The Broadway and Spring Bridge Road which will be the focal point of the scheme, featuring a striking double-height retail facade below a new landmark illuminated ‘lantern’ that will include a clock.
- The Broadway façade will be brought back into line with the rest of the high street, with new double-height shop windows creating an open and inviting frontage.
- The building’s tired Spring Bridge Road façade will have its existing shop fronts re-glazed and terracotta panelling added to the refurbished brickwork, creating a contemporary, high quality façade in this sensitive setting alongside the listed church.
Morrisons is one of the UK’s biggest food retailers, with 490 stores, and we’re the only British supermarket to have our own food processing sites, abattoirs and even a farm. We employ expert livestock buyers to pick animals straight from the farmer and we are unique in making almost a quarter of the food we sell in store ourselves, giving us unrivalled control over our supply chain. We’re committed to supporting British farming, that’s why all Morrisons-branded fresh meat and everything on our butchers’ counters is 100% British. And we have more skilled specialists on hand to prepare more fresh food in store than any other retailer, with over 6,000 fully trained crafts people in our stores including butchers, bakers, fishmongers and cheesemongers.
Every week, over 11 million customers pass through our doors and more than 131,000 colleagues across the business work hard each day to deliver great service to them. Our aim is to give our customers more of what matters to them, offering great quality food at low prices.
About the three tenants for 1-8 The Broadway
- Morrisons is a new retailer to 1-8 The Broadway and will occupy a 47,000 gross sq ft ‘Fresh Format’ store. The Fresh Format store is a new ‘best in class’ format, which will deliver a wide range of fresh produce at great Morrisons value.
- TK Maxx already trades on the upper level of the Arcadia Shopping Centre and will expand across the rest of the floor, doubling in size to 43,000 gross sq ft. The store will gain a new Broadway entrance including escalators and lifts. It will continue trading throughout the building works and will also re-open its Spring Bridge Road entrance.
- McDonalds will move across from its current store to take The Broadway corner unit, formally occupied by HMV. The new store will be 8,000 gross sq ft. It will also continue trading throughout the building works.
About the Arcadia Portfolio
The properties were assembled between 2006 and 2008 by Glenkerrin, an Irish developer. They planned to develop a c.1,000,000 sq ft mixed retail and residential scheme; while the Glenkerrin proposals for regeneration gained the backing of LB Ealing, at a subsequent Public Inquiry the proposed scale and height were considered not to be in keeping with the adjoining Conservation Areas. In 2011, Glenkerrin was declared insolvent, resulting in all company assets being transferred to the National Asset Management Agency (“NAMA”).
On 29 October 2012, Benson Elliot exchanged contracts with Malcolm Shierson and Martin Ellis of Grant Thornton acting as Joint Administrator of Glenkerrin (UK) Limited and Joint LPA receiver over the assets of The Broadway Partnership for the acquisition of the Arcadia Portfolio, the major part of a 2.8-acre island-block in Ealing town centre, West London. Benson Elliot completed the deal on 7 December 2012.
In December 2012 Benson Elliot acquired 12-14 The Broadway from Legal & General and has now let the store to fast-expanding boutique coffee shop Harris + Hoole.
In June 2013, Benson Elliot received a resolution to grant consent from LB Ealing for the internal and external changes to the Arcadia Shopping Centre.