Drake Circus Leisure moves closer to development
Published: 10 November, 2015
Construction of the £40m Drake Circus Leisure scheme looms nearer as British Land takes over coach station site.
Under the development agreement with the council, British Land will commit £2m to the construction of the city’s new coach station on Mayflower Street.
Earlier this year planning permission was granted by Plymouth City Council for the 100,000 sq ft scheme, located next to Drake Circus shopping centre, and last month British Land exchanged contracts with Cineworld to anchor the development. The new 12-screen cinema will include a 450-seat IMAX auditoria.
British Land says it has received strong demand from a number of restaurant operators for the 14 restaurants proposed, many of which currently have no presence in the city.
Construction work is expected to start in summer 2016 and the scheme is due to open mid-2018.
David Pollock, retail development director for British Land, said: “Once complete, Drake Circus Leisure will be the most significant leisure scheme in the South West and we are delighted to be one step closer to delivering the project. The recent letting to Cineworld and interest from restaurant operators has allowed us to accelerate our plans, and we are excited to be working with the Council to enhance the city centre.”