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Sale of car parks to unlock Coalville town centre regeneration

Published: Wed 29 January, 2020

Three of Coalville’s town centre car parks will be bought by Gylo, the new owners of the Belvoir Shopping Centre, as part of a regeneration deal with North West Leicestershire District Council (NWLDC).

The sale of the car parks is a key element in the agreement that enabled the sale of the centre into new hands and will directly support Gylo’s overall plans to invest in the revitalisation of the town centre.

The car parks that will transfer into Gylo’s ownership are:

  • Map of carparks - variation orderNorth Service Road Car Park (shown in green), a long stay car park with 74 spaces located between the Belvoir Centre and High Street
  • Needhams Walk Car Park (shown in blue), a short stay car park with 108 spaces located next to the green space behind the Belvoir Centre
  • Bridge Road Car Park (shown in red), a long stay car park with 241 spaces located between the Belvoir Centre and the Co-op.

Five other car parks in the town centre – at the Market Hall, Margaret Street, James Street, the Council Offices and London Road - are unaffected by the formal agreement between the council and Gylo.

Councillor Richard Blunt, Leader of North West Leicestershire District Council, said: “It is really great news for Coalville that the Belvoir Centre now has new owners that are interested in proactively investing in our town.

“Our agreement to sell some of the town centre car parking was a crucial part of the whole Belvoir Centre deal. We are very much looking forward to seeing how Gylo and its specialist development management advisers Lathdale will include the car parks in their wider vision for an improved and more attractive town centre.”

Nick Harcus of Lathdale said, “We have ambitious plans for the Belvoir Centre and the purchase of the car parks is vital in the delivery of a comprehensive approach. We will be further updating local people in due course about how we will operate and improve both the centre itself and the car parks so we can provide the most welcoming and appealing environment for shoppers and visitors alike.”

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