Cllr Pete Bradley, Mayor of Nuneaton & Bedworth, lets in the cheering crowds
Nuneatonís rope trick
Published: 01 September, 2005
By Claire Elliott
Richardson Cordwell has opened the long-awaited £70m Ropewalk shopping centre in Nuneaton, transforming the retail offer in the town.
The development has put Nuneaton back on the map with retailers including Bhs, Topshop/Topman, TK Maxx, New Look, Next and H&M. The first day alone saw 35,000 visitors and 150,000 people walked through the doors in the first week.
The centre, which houses over 200,000 sq ft of retail space in 35 units, is the start of further regeneration in the town, which in the past has lost out to nearby towns of Coventry, Solihull, Leamington and Birmingham. And the success is clear with zone A rental levels achieving £120/125 psf (compared to £65/70 elsewhere in the town) and large format units available to retailers for the first time.
Richardson Developments md Lee Richardson said: ďPeople from Nuneaton and the surrounding area will no longer have to travel to major cities to find all the brands they want. The great names we have attracted and the quality of their fit-outs in large showcase stores indicates that the retailers have recognised what an opportunity Nuneaton and the affluent surrounding area represents.Ē
The centre is now 95 per cent let, with letting agents Lambert Smith Hampton and Jones Lang LaSalle in discussion over the final units. Ongoing management of the centre will be undertaken by centre manager John Kelleher and managing agent Phoenix Beard. Level Seven was architect and Norwest Holst contractor.