Friars Square

Friars Square

Entrance to the bus station
Location Aylesbury, England
Opening date 1967 (original Friars Square)
1993 (new Friars Square)
Management Andy Margieson
Owner Royal Bank of Scotland
Architect Stanley Bragg Architects
No. of stores and services 41[1]
No. of anchor tenants 1 (House of Fraser)
Total retail floor area 283,000 square feet (26,300 m2)
Website http://www.friarssquareshopping.com

Friars Square is a shopping centre located in the town centre of Aylesbury. The landlord is the Royal Bank of Scotland (RBS), and managed by Grosvenor Fund Management.[2]

The shopping centre is a mixed use development, incorporating elements of a previous shopping centre development of the same name. Friars Square includes over 60 shops and restaurants, offices, 400-space multi-storey car park and bus station. The Cloisters indoor market was closed in 2012.[3] The centre is anchored by House of Fraser.

History

The original Friars Square (or Friar's Square) was created in the 1960s as the Aylesbury Town Centre Redevelopment. It transformed the south-west part of the town centre including the Market Square and Silver Street areas. Opened in 1967, it included a number of shops in an open-air pedestrian only area, and included a new location for the town's market.[4] The Cadena cafe, which later became a Wimpey, was housed in a modern architectural pavilion over the open market.[5]

The current shopping centre was formally opened in 1993 at a cost of £70m, following the closure and extension of the previous town centre development of the same name. The redevelopment was designed by Stanley Bragg Architects.[6] The large Woolworth building was integrated into the development, to house the new anchor store (now House of Fraser) and the library.

In 2007 the centre was sold by F&C Property Asset Management to Multiplex UK.[7] In 2011, ownership passed to Royal Bank of Scotland's West Register asset division, as the newly merged Brookfield Multiplex subsequently moved out of the UK retail market following its acquisition of Multiplex.[8] RBS had previously provided the debt for Multiplex to buy Friars Square for £89.5 million.

In 2012, the vacant office building was proposed to be converted into 50 apartments.[9]

In January 2013, a branch of clothing chain H&M opened in Friars Square,[10] on the site of the old HMV store which was closed on February 11, 2012.[11]

In September 2013, a branch of rival clothing chain Topshop opened in Friars Square, in a newly constructed part in the middle of the main shopping mall.[12]

References

  1. ↑ http://www.friarssquareshopping.com/shopping/all/
  2. ↑ "Friars Square gets fresh boss for New Year plans". Bucks Herald. 17 December 2011. Retrieved 19 March 2013.
  3. ↑ "Traders 'devastated' at Friars Square shopping centre plans". BBC News. 6 January 2012. Retrieved 19 March 2013.
  4. ↑ "Transformation of the town centre.". Buckinghamshire County Council. Retrieved 19 March 2013.
  5. ↑ "Enjoying a Wimpy at Friars’ Square". Bucks Herald. 11 March 2011. Retrieved 19 March 2013.
  6. ↑ "Friars Square". Stanley Bragg Architects. Retrieved 19 March 2013.
  7. ↑ "New Friars Square owner". Bucks Herald. 4 December 2007. Retrieved 19 March 2013.
  8. ↑ "Management shift for shopping centre". The Scotsman. 11 March 2011. Retrieved 19 March 2013.
  9. ↑ "New Friars Square Shopping Centre apartment complex given approval". Bucks Herald. 29 November 2012. Retrieved 19 March 2013.
  10. ↑ http://www.bucksherald.co.uk/news/more-news/it-s-all-the-fashion-shoppers-flock-to-h-m-opening-in-aylesbury-1-4741588
  11. ↑ http://www.bucksherald.co.uk/news/more-news/hmv-closure-in-aylesbury-signals-end-of-an-era-for-the-humble-compact-disc-1-3457925
  12. ↑ http://www.bucksherald.co.uk/news/more-news/aylesbury-topshop-will-now-open-in-september-1-5253789

This article is issued from Wikipedia - version of the Saturday, June 20, 2015. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.