MIXED USE

GRAFTON CENTRE, CAMBRIDGE

Location : Cambridge   |   Status : Ongoing   |   Sector :  Mixed Use   |   Value : £200m   |   Fund : Legal and General

Description
The Grafton is a shopping centre which comprises 500,000 sq ft of retail accommodation in 84 units, a cinema, gym and 1,150 car parking spaces. The refurbishment of the centre has been completed and we have invested £28.5m.

Planning consent has been secured for a 153 bed Premier Inn hotel and construction is due to commence in Q3 2020.  Further planning applications are currently being progressed for ownerships across the asset.

Achievements
The property was acquired in Summer 2015. New retailers include Decathlon, H&M, H&M Home and Premier Inn.  A masterplan has been completed across the asset.