News / CPG Makes its mark in Cornwall’s Retail Market
A northern company is currently investing over £100 million and creating nearly 1,000 jobs in three of Cornwall’s biggest retail projects – St Michaels Retail Park in Penzance,
Trevithick Manor Farm in Newquay and Kingsley Retail Park at Fraddon on the A30 – with a fourth soon to come at Trewhiddle Farm in St Austell. CSP are CPG’s retained letting agents.
Consolidated Property Group (CPG), based in Alderley Edge, has secured planning permission for a mixed use development at Trevithick Manor Farm which will include a food-store, public house, drive-thru restaurants and 80,000 square feet of A1 retail. Work on the Trevithick Manor development is expected to start in 2018 with the opening of the first phase of the development scheduled for later in the year. The development will create a total of 350 jobs with a further 150 during construction.
St Michaels Retail Park in Penzance, where the key tenants will be Poundstretcher, Costa Drive-thru and Pets at Home, will be opening in the Autumn 2017 and about 80 new jobs will be created.
Demolition has started at Kingsley Retail Park which is already home to Next and on completion in 2018 will be home to a new TK Maxx, Marks & Spencer and two smaller retailers, the tenants for which have yet to be announced. It is anticipated that up to 350 jobs, with a further 150 during construction, will be created as a result of the development, which will further enhance and build upon the role of Kingsley Village as a shopping destination.
Commenting on these projects, Martin Ridgway, CPG Group Managing Director, said:
“Cornwall is an important area of growth for CPG and we are continuing to deliver modern high quality new retail developments in prime locations. This enables retailers to expand their presence in The Duchy, creating further jobs and investment, and improving the customer experience and choice for both local residents and visitors alike.
“Marks & Spencer’s commitment to Kingsley Village is significant as it concludes a ten year search for a strategic site suitable for a larger general merchandise store.
“The Trevithick Manor Farm with adjacent major residential developments is ideally located to serve a growing population in Newquay and the Penzance site complements the existing retail offer adjacent to the Sainsbury’s and existing retail warehouses.
“CPG has worked closely with Kingsley Developments to deliver the Trevithick Manor Farm and Kingsley Retail Park schemes and is also working closely with Kingsley on a further new development at Trewhiddle Farm in St Austell.
“The delay at St Michaels Retail Park, Penzance is unfortunate and due to the collapse of our main contractor. However we already have a new contractor on site and the project will be completed and handed over to the tenants for fitting out at the end of October”.
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