Scarborough welcomes The Gym Group to its £30 million Newport Development

Posted on 25 June, 2015 by Chris Grigorovsky

The McCabe family’s Scarborough Group has announced that The Gym Group has now opened to the public at the company’s £30 million commercial development at Station Quarter in Newport, South Wales. The Gym Group has signed a 15-year lease on the 15,000 sq ft unit.

Scarborough-welcomes-The-Gym-Group-to-its-30-million-Newport-Development

The development features a high-quality public plaza, designed to complement the existing retail and office space, and provide an improved pedestrian gateway from the train station to the city centre. The plaza opened earlier this month although the formal opening ceremony will not take place until August.

This milestone, together with last October’s £20 million sale of Admiral House, paves the way for the second phase of the Station Quarter redevelopment which will deliver a further 30,000 sq ft of office space together with ground floor retail and leisure accommodation facing the plaza. Scarborough expects to submit the planning application for this phase of the delivery programme later in the year.

This is in addition to the first phase of the Station Quarter scheme which involved the redevelopment of the former Cambrian House to deliver 80,644 sq ft of office space, and 28,000 sq ft of retail and leisure space.

Newport 004

Associate Director at Scarborough Group, Kate Howe, comments: “This new letting and the creation of the public plaza demonstrates our commitment to the on-going transformation of the centre in Newport.

“Following the success of Admiral House and the severe shortage of quality office stock, we are confident that there is demand for a high-quality office led scheme in Newport.”

“Newport City Council has continued to support our plans for the redevelopment of the Station Quarter which is further testament to the quality and importance of this scheme for Newport.”




Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.


Recent Posts

Interest Rates Impact on Commercial Property

Commercial Property Investment Outlook for 2023

The best places to stay on the Riviera

The latest property data has identified Newquay as the fastest property seller’s market in the UK

Investing in your garden can increase your property’s value

French Riviera temping high-end homebuyers

How can the ownership rights of my commercial property impact a business sale?

Should I incorporate virtual property viewings permanently?

Investment expected to increase across Asia-Pacific in 2021

UK property industry slows as the conclusion of tax break looms

BNP Paribas cautioned investors on Friday as debt-trading bonanza that increased its earnings this past year

Over 300,000 property purchases fell through in 2020 – we show the most frequent motives and the best way to get your house sale back on track

House Prices in the Capital Surpass £500,000

Optimism from the Bank of England’s chief economist

The most expensive commercial properties.

Businesses operating from shared premises will miss out on grants