| Thu 11 Mar 2004, 12:36 | | JOHN LEWIS TO ANCHOR ST DAVID"S SCHEME, CARDIFF |
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LIBERTY INTERNATIONAL PLC - JOHN LEWIS TO ANCHOR ST DAVID"S SCHEME, CARDIFF
LIBERTY INTERNATIONAL PLC
(Registration number UK3685527)
ISIN Code: GB0006834344
JSE Code: LBT
Issuer Code: LILI I
JOHN LEWIS TO ANCHOR ST DAVID"S SCHEME, CARDIFF
11 March 2004
The attached press release was issued today by the St David"s Partnership, a
partnership between Capital Shopping Centres, the wholly owned regional shopping
centre subsidiary of Liberty International PLC, and Land Securities.
Press enquiries
John Abel Director, Liberty International
+44 (0) 20 7887 PLC and Managing Director, Capital
7057 Shopping Centres PLC
JOHN LEWIS TO ANCHOR ST DAVID"S SCHEME, CARDIFF
Land Securities and Capital Shopping Centres together, as the St David"s
Partnership, announce that John Lewis has agreed Heads of Terms to anchor the
GBP500 million St David"s 2 development in Cardiff city centre.
The 1,000,000 sq ft (92,900 m2) mixed-use scheme, is one of the largest proposed
retail led developments in the UK and will include new shops, cafes and
restaurants, leisure space, offices and up to 300 residential units. Set around
streets, arcades and squares breathing new life and vibrancy into Cardiff, the
development will be an attractive addition to the existing 350,000 sq ft (32,515
m2) St David"s Shopping Centre and help Cardiff to consolidate its position as a
major national and international Capital City.
The 240,000 sq ft department store will be the first shop in Wales for John
Lewis reflecting their committed expansion programme. The modern four-storey
landmark building will have a strong external dimension, including prominent
frontages onto The Hayes and a new public piazza at its southern end.
Peter Cleary, Head of Land Securities Retail Development, commented for the St
David"s Partnership.
"We are delighted to have John Lewis on board and are confident that they will
contribute significantly to the continuing growth of Cardiff as a major centre
for shopping, leisure and tourism. This is an important first step in our pre-
letting programme to attract world class retailers to the City."
Richard Cable, Development Director at Capital Shopping Centres, added;
"John Lewis" commitment to the St David"s scheme represents a milestone in the
delivery of this major regeneration development which will help further
establish Cardiff as a top UK and European retail destination."
The project will create in the region of 1,000 construction jobs and circa 2,500
permanent new jobs upon completion.
St David"s 2 was granted outline planning resolution by Cardiff County Council
in June 2003 and given Assembly support in July 2003. Detailed planning
approval will be sought later this year and it is anticipated the development
will be on site in 2005 with completion and opening in 2008.
Sponsor in South Africa
Merrill Lynch
Date: 11/03/2004 12:29:35 PM Produced by the JSE SENS Department
