Farndon Gateway, Fosse Road, Newark
Project Introduction
Challenges & Needs
Our Vision - To respond to current and future needs with an overall aim to provide a complimentary, distinctive and highly sustainable mixed-use development at a convenient, easily accessible site on the edge of Newark-on-Trent’s urban area that would also function as a Gateway Development for the town.
Employment Provision
One of Newark’s main needs was the creation of new employment. Through the project c300 jobs would have be created which would in turn support the wider local community.
Collaboration
We secured intentions to occupy the units ahead of planning submission from:
“Holiday Inn Express”, part of Intercontinental Hotels Group (IHG) as confirmed operator of the proposed hotel.
“Costa Corporate” confirmed commitment to occupy the Café/Restaurant with drive-thru.
“Blakemore” as confirmed operator of the fuel filling station.
Helping to support growth
We also serious Expressions of Interest in the second drive though unit for use as an electric vehicle charging station as well as receiving several serious enquiries from existing tenants and potential new occupiers of the proposed offices.
One of our existing tenants with 10,000 sq ft of offices also confirmed that they needed at least 15,000 sq ft to accommodate growth and acquisition. Further interest was made from businesses with offices in Newark and Sleaford that wanted to amalgamate to one site and require 7,500 sq ft of office space.
Outcome and Benefits
The project began in early 2017 and was put forward to the local council for full planning permission in Q3 of 2019. Sadly the project failed at planning committee and then became subject of the market downturn due to the Covid-19 pandemic. However, it demonstrates our ability to undertake large mixed use projects and also attract national operators to the region.