Opening kickstarts development of phase II of Futura Park, Ipswich
The new John Lewis at home and Waitrose stores at Ipswich’s FuturaParkhave opened their doors for business. Developer AquiGen says all but one of the remaining retail units are now pre-let.
FuturaParkis a 44-acre retail and business park and its first completed phase is the 26,500-sq ft Waitrose located immediately next to the 43,000-sq ft John Lewis at home, the first of this new combined format in the country.
The second phase of retail space, which recently gained planning approval, offers 66,000 sq ft of retail space for which five out of six of the tenants are now confirmed. Construction on the phase two buildings is due to start in February 2013 and the stores are expected to open in July. Outline planning permission has also been granted for 25 acres of employment land to accommodate up to 600,000 square feet of new offices, warehousing and industrial space, as well as open spaces and infrastructure.
AquiGen chairman Tony Chambers said: “The opening of John Lewis and Waitrose is an important milestone in the regeneration of this part ofIpswich. The inclusion of high quality retail in the scheme has unlocked the value to allow the whole site to be remediated and redeveloped.”