Four developers have been shortlisted to the next stage of the developer selection process for the Central Car Park & The Maltings redevelopment scheme in Salisbury. Global real estate services firm, DTZ, acting on behalf of Salisbury Vision and Wiltshire Council, has announced the shortlisted parties as: The Harvest Partnership, Henderson Global Investors, Stanhope and Tesco.
The successful party will be announced towards the end of the year and will be responsible for developing a major retail-led mixed use scheme at the site which lies to the west of the city’s established retail centre.
The redevelopment of Central Car Park & The Maltings will see up to 350,000 sq ft of new retail space added, plus residential, office and leisure facilities, enhancing Salisbury’s position as a regional shopping and cultural centre. Wiltshire Council is the principal land owner of the site, covering 8.7 hectares (21.5 acres).
Sir Christopher Benson, Chairman of Salisbury Vision, said: “The redevelopment of the Central Car Park & The Maltings is a cornerstone of Salisbury Vision, a long-term programme of change and development for the city. Salisbury Vision and Wiltshire Council are committed to its redevelopment and have been delighted with the interest in the project from the development industry during the developer selection process to date. The strong shortlist demonstrates this and we are looking forward to working with these parties over the coming months.”
Paul Ellis, Head of Development Consulting at DTZ, said: “The Central Car Park & The Maltings redevelopment is a once in a generation opportunity to deliver a high quality, retail-led town centre redevelopment. It is one of the best remaining, large scale retail-led city centre development sites in the country. The ‘blue chip’ nature of the shortlist confirms this and the fact that while retailing is currently experiencing tough trading conditions, the industry now recognises, albeit selectively, the significant opportunity created by the virtual halt to the town and city centre retail development pipeline.”