Barberry Developments has committed to investing over £5million into two of its retail parks in Swansea despite the current economic climate. The Phoenix and Lion Way retail parks, which the developer purchased last year for £10.3 million and form part of the part of the Swansea Enterprise Park, will now undergo facelifts to include exterior landscaping at Lion Way and a planning application has been submitted for the reconfiguration of Phoenix Way.
Together the parks total approximately 95,000 sq ft with 359 car parking spaces. Located north of Swansea city centre with good access to Junctions 44 and 45 of the M4, the area is a significant retail destination.
Martyn Cartwright, Director, from Barberry said,
“We now have planning consent to upgrade the car parking facilities at Lion Way to contemporary standards. When we purchased the site, the car park was a maze of concrete blocks, which are difficult to navigate around and there is insufficient lighting in certain areas. Our works will ensure that the car park is much more user friendly for customers and make deliveries better for our tenants. The move has been welcomed by our occupiers who can see the steps we are taking in supporting them to increase their trade and who can see the positive effect this will have on their summer trading.”
Barberry’s short term plans for the adjacent Phoenix Way retail park are even more extensive. Planning permission has been submitted for a phased refurbishment and reconfiguration of the available units on the park.
“Our proposals for the Phoenix Way retail park include significantly improving the access off Fendrod Way, by creating a new entrance and exit and the construction of a new 3,000 sq ft unit with A3 retail use. The former Richleys store will be replaced with up to three new retail units providing 30,000 sq ft. Phoenix Way was another first generation retail park and like Lion Way virtually nothing has been done to them for 25 years. Our proposals will ensure that both parks integrate with the other parts of the enterprise park to provide a more continuous retail experience for the shopper,” added Cartwright.
Tim Edwards, Joint Commercial Agents for both Lion and Phoenix Way said,
“Barberry has the vision to understand that investment in its retail developments is key to retaining good tenants and attracting new ones. By looking at the needs of the occupiers and the potential future yields from re-developing the space, Barberry are creating retail parks well equipped to be both attractive and economically viable in both the short and the long term.”