26th Jan 2007 - New Town Developments
Over the past six months the rebirth of Cumbernauld has continued apace with the Antonine Centre taking shape in the town.
Since summer 2006, the site has been transformed so that the new 350,000 sq ft development is clear for all to see.
Dawn Construction, on behalf of developer London and Regional Properties, has finished erecting structural steelwork on site: another significant step towards completing the project in May 2007.
And four more tenants have now been secured for the £40m shopping centre, with FOPP, Quiz Clothing, Costa Coffee and Herbmedic signing up units. Retailers already on board include Stylo Barratt, Dorothy Perkins, JJB Sports, Select Clothing, Claire's Accessories, The Perfume Shop and O'Briens, along with anchor stores like Tesco Extra, Dunnes Department Store, TK Maxx, Next and Woolworths.
The new centre forms part of a phased development of Cumbernauld town centre, facilitated by Campsies Centre Cumbernauld Ltd, the special purpose company established by North Lanarkshire Council to facilitate the redevelopment of Cumbernauld town centre. January 2004 saw the completion of the first phase of the more-than 100,000 sq. ft. Tesco store development, a near-£20m investment, which has brought 300 extra jobs to Cumbernauld.
Geoff Springer, Development Director of London & Regional Properties, the centre developer said: "We're happy with the number of lettings at the centre which is great progress much earlier than we expected. Despite a weakened retailer climate this highlights a significant milestone in the development and shows the huge interest for space within the Antonine Centre. We have another four or five major lettings underway at the moment and we are confident that the centre will be hugely popular with retailers and shoppers."
Stephen Gunn of letting agent Cushman & Wakefield said: "Lettings are going well in Antonine as retailers recognise the potential of the large Cumbernauld catchment. Antonine will reduce local residents shopping in neighbouring towns and dramatically improve the retailer offer in Cumbernauld."
Ian Nisbet, spokesman for CCCL, said: "The people of Cumbernauld will have a first class shopping centre and the strong progress we have made with pre-lets is great news for the town."