Leading Lincolnshire architecture, sports and leisure firm LK2 and contractor Simons Group are repositioning and refurbishing the Buttermarket Shopping Centre for Capital & Regional; a four storey retail space in the heart of Ipswich.
The £17 million project’s first phase is nearing completion, with New Look open and trading in its new store and TK Maxx fitting out ready for a grand opening next February. The second phase to regenerate the 24 year old building will create a leisure destination is now underway and programmed to be complete by summer 2016. Empire is confirmed as the cinema operator to anchor the leisure element of the scheme.
LK2 secured the project due to its expertise in the retail and leisure sector, which were exemplified in the firm’s initial feasibility study for the project.
From its detailed study, the firm’s expert team of architects were able to determine the redevelopment options for the centre’s owners Capital & Regional, working to refurbish and realign the centre through innovative solutions.
Paul Starbuck, director at LK2, said:
“We are proud of this scheme as we feel it meets our client’s criteria and has optimised the existing floor space. This project has created new retail accommodation for key anchor tenants, a food and drink quarter, leisure facilities including a gym and a 12 screen multiplex cinema on the upper levels – which were previously unoccupied.
“This scheme highlights the emerging trend for bringing leisure uses into shopping centres which have surplus retail space, in order to create a vibrant retail and leisure destination within a city centre.”
The redevelopment aims to incorporate more leisure facilities into the centre and provide a diverse offering to the centre’s visitors. The new entrance on St. Stephen Lane will provide access to: new restaurants, a 12 screen multiplex cinema, a bowling alley, an 18,000 sq ft gym and additional restaurants, all of which will occupy the first floor.
The planning application has now been submitted for a new entrance to the new leisure quarter.
The firm has worked closely with contractor, Simons Group to deliver this refurbishment – working together from an early stage to ensure a smooth transition for the client, retailers and fit out teams.
This is the second significant redevelopment of a shopping centre that the firms have collaborated on – they teamed up to deliver the £9 million regeneration of Waterside shopping centre in Lincoln city centre in 2014.
John Hallam, retail director at Simons Group, said:
“We are delighted to be working with LK2 once again after great success in Lincoln.
“Our work with Capital & Regional continues to grow and our team have really enjoyed working with LK2 to create the best outcome. Our project team is already making fantastic progress on site and will continue to do so in a swift and successful way.”