Tag Archives: Everards Meadows

Work is on track for £135m Fosse extension

Work is well underway on the £135m extension to Fosse shopping park in Enderby, where contractors have cleared the way for development of the adjacent Castle Acres site, formerly the home of Everard’s brewery.

The site has been fenced off with a dark blue wooden screen but observation windows have been placed at points around its length. The image (above) shows an artists impression of how the new NEXT store might look.

Next’s aspiration is to consolidate its two Fosse Shopping Park stores – Next and Next Home – onto the vacated brewery site to create a new landmark 90,000 sq ft store over three storeys.

The demolition of the former Everards Brewery, due to be completed by the end of May, will have prepared the ground for the new Fosse extension, creating space for 9 additional shops and 6 more food outlets.

Everard’s, the local independent family business founded in 1849, have re-located across the Soar Valley Way to a new development called ‘Everards Meadows’ which  will be an exciting new food, drink and leisure development next to the expanding Fosse Retail Park. Work began in April and should be complete by late 2019.

The EYE reported on the development earlier on May 17th.

The Crown Estate announced it was purchasing Castle Acres through the Fosse Partnership in October 2017, with retailers including Next, Debenhams, TK Maxx and Clarks already signed up to take space in the new development.

Michael Bell, Senior Asset Manager at The Crown Estate, said: “This is the beginning of a really exciting journey for Fosse. The development of Castle Acres will create a fantastic new retail offer for our customers and further enhance Fosse’s position as one of the UK’s best loved retail destinations. We are delighted to get started on site, and look forward to working closely with our local partners as the scheme progresses.”

The extension, due to be completed in 2020, will further enhance what is already one of the UK’s most successful shopping parks, attracting 10 million visitors a year.

New pedestrian link

As part of the proposed development, Crown Estates have now also submitted the planning application for the pedestrian link which will connect the new development to the existing centre, as well as plans to redevelop the food court, which they hope will provide a much-improved environment for both retailers and shoppers.

If the application is approved it will likely require the temporary closure of the food court with a temporary food and beverage offer being provided elsewhere at Fosse Park to ensure shoppers continue to have access to food and beverage facilities.

Discussions are currently being held with the current retailers and centre staff about how they may be impacted.

The new development provides parking for over 850 cars, including 30 dedicated wheelchair bays and 12 parent/child spaces.

Access for shoppers will be from Grove Way in the south-east corner of the site, providing easy access to Soar Valley Way.

Deliveries will access the stores via a redesigned access route and service yard on Everard Way.

In the last year, the Fosse Partnership has invested £12.7m in the existing scheme to enhance the retail offer and experience for retailers and their customers, with five new retailers – Office, Pandora, Primark, Superdrug and JD Sports – joining the impressive line-up.

Fosse Retail Park

» The Crown Estate
» Everard’s Meadows

Enderby brewer doubles its profits in 2015.

Everard MeadowsAccounts filed at Companies House by Enderby based brewer, Everards, show a rise in pre-tax profits to £3.2 million for the year to September 30th, up from £1.7 million in 2014.

The Leicester Mercury reports the company as saying the results reflected

“strong trading performance in all parts of the business and effective management of costs”.

Turnover was up slightly to £31.6 million.

The brewer, located next to Fosse Park, said healthy trading across its 176 pubs meant sales of beer to licensees frothed 5.1 per cent.

Managing director Stephen Gould said:

“The financial year was strong. It certainly exceeded our expectations.”

He said the sales performance in the year was driven by two major factors.

Mr Gould said:

“Firstly, the vast majority of our pubs were fully let, with an average vacancy rate of four out of 176 pubs throughout the year. That stability means we’re able to work with our licensees to invest in the pubs so that Everards pubs are competing in their local communities.

“So it is a combination of stability and investment that has produced the results you see today.”

He added that like-for-like income from the pub estate grew 3.2 per cent in 2015, compared to the previous year.

Everards, maker of Tiger, Beacon and Original ales, brewed 45,000 barrels of beer last year, up 3.7 per cent on the prior year.

Sales to the pub estate of Tiger Best Bitter, Everards’ leading beer brand, rose 2 per cent last year.

Historically, Everards has grown its pub estate by four or five pubs a year, although last year it acquired just one – The Holly Bush, in Alcester, Warwickshire.

Instead, the emphasis in 2015 was on improving its existing pubs portfolio.

The company refurbished 17 pubs last year, spending an average of £81,000 on each project.

Mr Gould said:

“One of the reasons we have been investing so heavily in the estate is that customers are looking for individuality, provenance and authenticity.

“Pubs that deliver the right experience outperform the market, so we have to invest and support our licensees to do that.

“Over the past 18 months we’ve been reducing the Everards branding so that the pubs are not presented as “the brewery pub”, but with the individual licensee’s personality coming through.

“This is a very important theme in a crowded market.”

Almost half the beer Everards brewed in 2015 was for other companies, as the company sought to maximise sales from its Castle Acres site in Everard Way.

Relocation, and the development of ‘Everards Meadows’

Everards plans to reduce its reliance on third party customers when it relocates its brewery to a new site called Everards Meadows, on land between Soar Valley Way and the county police headquarters at Enderby. (Artist impression at top of news item)

Enderby Parish Council has been consulted with regard to the development proposals and Blaby District Council is currently considering two detailed planning applications, one for the development of Everards Meadows which will include a new Everards office, brewery, innovation centre and tasting rooms, as well as a cafe bar, a restaurant and cycle centre.

The other application is for its brewery site at Castle Acres and has been submitted in conjunction with retail giant Next and the Crown Estate, joint owner of Fosse Park.

The application includes plans for 26 shops, restaurants and cafes, and a big Next store.

It is anticipated that both applications will be determined shortly and Mr Gould said the relocation plans continue to “progress well”.

Read more: http://www.leicestermercury.co.uk/Thirst-higher-profits/story-28551784-detail/story.html#ixzz3yYIcq5Kc