This week the owners of Castle Quay shopping centre in Banbury, SWIP (Scottish Widows Investment Partnership) now part of Aberdeen Asset Management, announced that, following on-going dialogue and consultation, an agreement has been reached with General Foods Sports & Social Club.
Following the resolution to grant outline planning permission in February for Castle Quay 2 (CQ2), SWIP continued consultation with a number of key stakeholder groups regarding the extension of Castle Quay, one of which was the GF Club. As a result, SWIP has announced that an agreement has been reached in principle to secure the Social Club in its current location.
The agreement between the club and SWIP will enable the extension of Castle Quay onto the north east side of the canal.
Cameron Murray, fund manager, Real Estate, [Aberdeen Asset Management] said: “We are delighted to be able announce the in principle agreement with GF Social Club. This is a pleasing situation for all concerned in that it recognises the significance and role of the social club in the hub of the town and at the same time allows the development of Castle Quay to go ahead within the defined timetable, which we see as vital to the future success of Banbury town centre.”
The proposals include a new multi-screen cinema, a large quality supermarket, canal side cafés and bars, restaurants and a business hotel.
For more reactions to the story, see this week’s Banbury Guardian.