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.
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.
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.”
