£40m investment in Huddersfield move a step closer
Plans for the expansion of The Kingsgate Centre in Huddersfield have taken a step forward today as investors WD Huddersfield sign a joint document of understanding with the council.
The document, which was approved at last week’s Cabinet Meeting, sets out a shared vision for the town’s future and demonstrates the council’s support for the scheme, which will result in the creation of more than 600 full and part-time jobs as well as an estimated 300 in construction.
The Leader of Kirklees Council, Councillor Mehboob Khan, said: “We know that improving the retail offer is important to our residents and this expansion fits part of a wider plan for attracting investment to create the environment for economic growth.
WD are long-term investors in Huddersfield and we are delighted that they want to move forward with plans for the £40m expansion of the Kingsgate Centre – a development that will considerably strengthen the town’s offer and attract more shoppers and greater spend.
The council is working closely with WD to make this happen, not only because of its importance to Huddersfield’s positioning in the retail hierarchy and future economic wellbeing, but also because of the hundreds of jobs that will be created, both in the construction phase and when the extension is complete."
The centre, which celebrates its 10th anniversary this month, has proved a success since its opening in March 2002 and is currently at full occupancy – a fact that has helped Huddersfield to improve its profile as a shopping destination over the past decade, by attracting leading name retailers House of Fraser, Next, H&M and other well-known brands.
Peter Everest, Managing Director of WD Huddersfield, which owns and manages the centre, said: “While many other centres and high streets have suffered from a high volume of voids, Kingsgate has maintained its leading position by adopting a leasing strategy that focuses on fashion and is fresh and inviting.
“That’s why more big name retailers want to be part of the success story in a town that is ideally located to draw more footfall from a wide and largely affluent catchment area.”
For more information about the Kingsgate Centre, visit http://www.kingsgateshoppingcentre.co.uk/