One sign that the pressure of the recession is easing is that two major towns are likely to get major new shopping facilities. Basildon Council is pushing ahead with the big mixed use scheme in the town centre now that the Barratt/Bowden Wilson joint venture has been appointed to carry it out. This will have 51,979 sq.metres (559,520 sq.ft.) of retailing and leisure and slightly more than that for offices. There will also be 1,900 residential units together with enhanced civic facilities and infrastructure improvements.
A spokesman for the developers said: “Basildon is a good place to invest, with great potential for growth.” In Luton, British Land is expected to take over the stalled £200 million PowerCourt retail development from Ballymore, which owns around 40% of the site, the rest being with the council and the Environment Agency. The plan is expected to have 46,450 sq.metres (500,000 sq.ft.) of retailing and 200 homes.
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