Plans submitted for £40m East Kilbride retail and residential development
Glasgow-based property development company London & Scottish Investments Ltd (LSIL) has submitted a detailed planning application to South Lanarkshire Council for a major new £40 million retail development at Peel Park, East Kilbride.
The proposals will see the redevelopment of a long-term vacant site off Redwood Crescent which was acquired by London & Scottish Investments from Tesco in 2015 after the supermarket decided not to build a store and garden centre as previously planned.
To be designed by Manson Architects, the development comprises 108,000 square feet of Class 1 retail space housed within 12 units, plus two drive-thru units of 3,595 square feet each. It is expected to create over 250 new retail jobs, with further employment opportunities during the construction period.
LSIL has also submitted a Planning Permission in Principle (PPP) application for 98 new homes – a mix of flats and terraced, semi-detached and detached houses - on the same site.
Bryan Wilson, group development director at London & Scottish Investments, said: “Our plans have been very well received during the consultation period, with local people in particular very happy to hear that something will finally be happening on this site, and that there could be new shops, homes and hundreds of new jobs in the pipeline.
“We are now in advanced discussions with major UK retailers who are interested in occupying the development and we hope to make announcements in the near future. We’ve also had significant interest in the residential side from a number of housebuilders and should be able to announce a preferred developer very soon.
“Subject to planning approval, we intend to start construction work on site in late Autumn 2016 with completion expected by late 2017.”