Crown Estate applies to expand Silverlink Shopping Park

As the owners of Silverlink Shopping Park in Newcastle, we have submitted a planning application for a £29m redevelopment which would see the former Travelodge site opposite the park converted into a new retail scheme, further enhancing the shopping experience for customers. 

19 November 2014

The proposal would see the old hotel, which closed in July, replaced with 102,000 sq ft of new retail accommodation split into four units, the largest of which would be earmarked for a flagship Next Home and Garden store. 

Under a specific proposal which forms part of the planning application we would work in partnership with North Tyneside Council to deliver two training packages which would create almost 50 new construction jobs for local young people.

The application would also see us provide funding for improvements to roads and footpaths around the site. Specifically, this would include enhancements to the footpath which links from the site to the Coast Road bus stops, and the creation of a new lane for the A19 to improve access for motorists.  These works would coincide with the Highways Agency’s proposal to sink the A19 under the Coast Road, which is due to begin in 2016. Redevelopment of the Travelodge site would also see extra car parking provided adjacent to Mallard Way.

Subject to planning, work will start on site in spring 2015, with an anticipated completion date of autumn 2016.

Hannah Milne, Regional Portfolio Manager at The Crown Estate’s said:“Redeveloping the former hotel will allow us to bring new retailers to the park, further enhancing the shopping experience for all. At the same time, we will be creating a number of jobs locally as well as improving highways infrastructure.”

Welcoming the new development, Norma Redfearn, Elected Mayor of North Tyneside said: “This exciting new development is great news for North Tyneside as it will bring further investment and jobs to the borough as well as attracting many more visitors to the very popular Silverlink complex with its quality shops, restaurants and cinema.

“The council has been working in partnership with The Crown Estate and I’m absolutely delighted that they kindly allowed us to take more than 50 double beds, bedroom furniture, bedding, TVs and kettles from the Travelodge and distribute it to local families in need.  I know these items were really well received and it’s a great example of the council, the voluntary sector and businesses working together to support the community.” 

Silverlink Shopping Park currently comprises over 200,000 sq ft of retail accommodation housing popular brands like M&S, H&M, Next, New Look, River Island, JD Sports, Boots, Outfit, Argos and Currys/PC World.

The Crown Estate, which pays its profit to the Treasury for the benefit of the nation’s finances, is the UK’s fourth largest direct owner of regional shopping and leisure parks. Our portfolio includes 16 parks across the UK, is currently valued at around £1.8bn and includes circa 4.7m sq ft of retail and leisure accommodation. Our other property assets include all of London’s Regent Street and much of St James’s, together with the entire UK seabed which it leases to renewable energy developers.