The other 50 per cent is owned by the Performance Shopping Centre Partnership, made up of Legal & General Life Fund and Arlington Property Investors. They plan to turn Golden Square into a new regional shopping centre for the Northwest.
Warrington Borough Council granted consent in June 2003 for a further 330,000 sq ft of retail space, anchored by a 130,000 sq ft (12,075) Debenhams department store and 60 shops. The existing mall provides 310,000 sq ft (28,800 sq m) of retail space with Marks & Spencer, BhS and Next as anchor tenants.
Construction is due to begin in March. Lend Lease was already development manager and will now become the asset and property manager for the project after investing£20 million to take equity in the scheme.