Helical Retail granted consent for Truro City Shopping Park
The battle for the retail high ground in Truro hots up
Cornwall Council has granted planning consent for Helical Retail’s £30 million, 135,000 sq ft retail and leisure scheme in Truro. The developer expects Truro City Shopping Park to be open for trading during the first quarter of 2018.
In the face of four other competing schemes Helical was the last to submit and the first to be granted consent and they will now move forward to fulfil their s106 obligations, which include the relocation of the Truro City Football Club (TCFC) to a brand new stadium.
Jonathan Cox, managing director of Helical Retail, said, “This puts us firmly in a position to offer certainty to the retail market with a viable proposition, as opposed to the more optimistic proposals put forward by competing schemes, that we do not believe can be afforded or delivered.
“Truro is an incredibly strong retailing city both in terms of its demographic and related spending power, with consents granted for 2,500 new homes coming through in the next ten years, 300 of which are adjacent to our scheme. Truro City Shopping Park presents retailers with a great opportunity to take advantage of this.”
Philip King, development manager for Helical Retail said “Helical promised the people of Truro they would bring new retail offers to the city, from strong retailers who are not already represented and remain committed to that cause.”
The development is planned for the site of TCFC, the proceeds from which will include the provision of a new facility for them at Silver Bow to enable their continued development. A planning consent for the new Club ground was granted in January of this year.
Work will start on Silver Bow in October in readiness for the 2017/18 season and work on Truro City Shopping Park will start in May 2017,, at the conclusion of the football season. Edgerley Simpson Howe and Monatgu Evans are the letting agents.