Pillar - Mixed-Use Development - London, Fulham Broadway

Date: 04 Apr 2000

Pillar Property PLC, the leading UK property investment and development group, having received unconditional planning approval for the full site started construction in earnest of the redevelopment of the site surrounding and including Fulham Broadway Underground Station.

The £85 million redevelopment site will total over 370,000 sqft (gross) and include 12 new retail units, two kiosks, a new foodstore totalling over 22,000 sqft, five new restaurants, a 12 screen cinema and a 38,000 sqft health club.

The scheme has attracted substantial interest from well-known retailers and Pillar expects to announce an impressive retail line up in due course. Key anchor tenants that have already been secured for the site include Wamer Village Cinemas, Sainsbury's Central and David Lloyd Leisure, which will develop a health club, including swimming pool, gymnasium and exercise studios.

The demolition work is not expected to cause any disruption to the local transport systems and should only have a minimal temporary impact on traffic. All of the parties involved in the redevelopment recognise the need to work in conjunction with the local community to ensure the smooth and speedy completion of the project.

Jones Lang LaSalle and Harvey Spack Field are joint leasing agents for the scheme.

Raymond Mould, Chairman of Pillar, commented:

"Strong interest has already been received for space at this extensive regeneration site and we are confident of the significant impact it will have in terms of the commercial value of the area and the quality of services for local residents."

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