Fairview New Homes has announced that leading convenience retailer, the Co-op, has signed a new lease, taking 4,015 sq ft of commercial space at Regency Heights, marking the first wave of commercial leasing for the new development in Park Royal, North West London.
Co-op will occupy Units 4 and 5 of six new commercial units at the 13.5-acre development located on Lakeside Drive in Park Royal, London NW10. Taking the combined units, the Co-op will source 100% renewable electricity to run its store and provide a funding boost for local causes through its Membership scheme.
The new Co-op store will be part of the final phase of construction at Regency Heights and is expected to open in December 2021. It will create around 15 new jobs, and include bakery goods, fresh, healthy products, food-to-go, vegan and free-from foods, Fairtrade products, chilled beers, award winning wines, meal ideas and essentials.
Co-op also offers a 10% discount off groceries to TOTUM cardholders (the new name for the NUS extra card) to support students during their studies.
Regency Heights is a new development of 807 one, two- and three-bedroom apartments and penthouses in a stunning landscaped setting on the site of the former Guinness Brewery. Everything about Regency Heights has been carefully considered, from the apartments with stunning views to light filled living areas. A branch of the Grand Union Canal runs through the middle of the site, providing space to relax, unwind and enjoy.
With Park Royal tube station less than a five-minute walk away, and Hanger Lane station also close by, Regency Heights, offers excellent connections across London, with an 8 minute journey time to Westfield London, 16 minutes to Hammersmith, 22 minutes to Oxford Circus and 44 minutes to Bank station.
Rhys Davies, Main Board Land Director, Fairview New Homes, says “Regency Heights offers an exciting opportunity for any Londoner to escape renting and own their own piece of the city, without the Central London price tag. The new destination stands tall and proud in the heart of the UK’s largest regeneration project – Old Oak and Park Royal, with stunning lake views and surrounding green spaces, along with excellent transport links.”
“We are delighted to secure Co-op as the first commercial occupier, providing an essential amenity for our new community. Further details on our commercial provision will be announced in the coming weeks.”
Chris Barter, Regional Acquisition Manager, Co-op, said: “We are delighted to have the opportunity to serve the community. We continue to look for new locations where we can operate at the heart of local life. Co-op marked its 175th anniversary last year, and our commitment to making a difference and creating value in communities remains at the core of our approach. Our focus is all about connecting communities and delivering what our members and customers want, need and care about, conveniently.”
The retailer’s Food Share scheme works to minimise food waste and make a difference locally, supporting local not-for-profit organisations who work to tackle food insecurity and share food with those in need in the community.