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New report rejects £32m expansion of Kingswood Retail Park as appeal inquiry to go ahead

A new report says giving the go-ahead for a new out-of-town shopping park in Hull could suck retailers away from the city centre.

Today’s publication of the report by data firm LDC Research co-incides with start of a public inquiry on Tuesday into plans for a new £32m retail development in Kingswood.

The scheme for ten new units on land close to the Next Home store and the existing Kingswood retail park was refused by planning councillors last year.

They said it was against policies aimed at promoting investment in the city centre.

An almost identical follow-up application was again rejected two months ago.

The inquiry into the appeal by the company against planning refusal is being held in the Guildhall.

An artist's impression of the Kingswood Retail Park expansion
An artist’s impression of the Kingswood Retail Park expansion

The new report was commissioned by the NewRiver retail group, which owns the Prospect shopping centre in the city centre.

Along with the owners of St Stephen’s and Princes Quay, NewRiver is opposing the Kingswood development.

It concludes: “It is likely that occupiers in the city centre will be targeted and therefore move out of town, leading to Hull’s city centre seeing a rise in voids, a fall in footfall and inbound investment as the main retail shifts out of town.”

 

Mortgage Advice in Hull – http://hullmoneyman.com

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