Berkshire news Reading retail park may be demolished and turned into warehouses MetiNews.Com

MetiNews.Com - The Brunel Retail Park is facing an uncertain future

Berkshire news Reading retail park may be demolished and turned into warehouses MetiNews.Com

MetiNews.Com - The Brunel Retail Park is facing an uncertain future

Berkshire news  Reading retail park may be demolished and turned into warehouses MetiNews.Com
14 January 2021 - 05:30

Breaking News ! A Reading retail park that has struggled to adapt to the “dramatic shift to online shopping” could be demolished and replaced with warehouses. Plans have been submitted that would see the Brunel Retail Park on Rose Kiln Lane transformed into two logistics warehouses, replacing stores including Halfords, Pets at Home, Next and Go Outdoors. A flexible planning application has been submitted by planning consultancy Quod, on behalf of owner Mayfair Capital Investment Management Limited. The firm said the retail park has suffered from long-term vacancies and has several tenants which have been or are currently in administration. It said ongoing changes to the retail industry have been exacerbated by the Covid-19 pandemic and the “dramatic shift to online shopping” favoured transforming “all or part” of the site into industrial warehouse use for logistics and stock. The plans would see the east side of the site demolished and turned into a warehouse first, with a decision to be made later whether to do the same on the west side. The current site is made up of 13 retail units with the following stores: Halfords Pets at Home Next Go Outdoors Dreams Shoe Zone Vacant Laura Ashley Subway Costa Three vacant units Units 6b, 7, 8, 9, 10 and 11, which include Shoe Zone, Sub Way, B&M and Costa, would be demolished in phase one of the plan. Units 5 and 6a would be reconfigured to accommodate Shoe Zone, Subway, Costa and current tenant Dreams. Units 3a and 3b, home to a vacant unit and Next, would accommodate B&M. Laura Ashley, which is in unit 9, is in administration and there are no plans for it to be involved in the reconfiguration.

. Planning consultants Quod said: “The retail park has suffered from several long-term vacancies. It also occupied by several retailers who have been or still are in administration. “The UK retail sector is undergoing structural changes that have been exacerbated by the Covid-19 pandemic. “Those changes are affecting all parts of the sector with many high-profile failures over the last two years that have led to surplus stock. Read More Related Articles The Reading road where you're mostly likely to get a parking ticket Read More Related Articles Reading families relying on Chartwells free school meals “As the retail sector continues to adapt to wider structural forces, the logistics market has been remarkably strong over the nine months in particular, as many of the changes we have seen since the initial national lockdown – particularly the dramatic shift to online shopping – have favoured the industrial sector. “The growth of e-commerce has seen a spike in demand during Covid-19 from 19 per cent of retail spending to over 30 per cent. “Retailers have also been rapidly expanding their online platforms to adjust to this shift in activity.” The consultancy said another impact of the virus was the realisation of the need for more contingency stock, and it said this is “expected to be further pronounced by Brexit as occupiers look to meet customer expectations for just-in-time deliveries, mitigating inevitable port delays”.

Source = MetiNews.Com

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Berkshire news Reading retail park may be demolished and turned into warehouses MetiNews.Com


Berkshire news Reading retail park may be demolished and turned into warehouses MetiNews.Com


Berkshire news Reading retail park may be demolished and turned into warehouses MetiNews.Com


Berkshire news Reading retail park may be demolished and turned into warehouses MetiNews.Com

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