Wokingham is proving to be the place to do business with pre-let agreements for a boutique cinema and foodstore set to be discussed on Thursday 29 October.
Wokingham Borough Council’s decision-making executive will consider new leases for the boutique cinema and foodstore operators as part of its proposals for Elms Field. This is another landmark step forward in the regeneration of the town centre.
Cllr Philip Mirfin, executive member for regeneration and communities, said: “It’s been really great seeing the interest from retailers and operators come forward as we move forward with the scheme. It shows confidence in Wokingham as a town to do business and to set up new ventures. Securing pre-let agreements like these, and the one we already have in place with Premier Inn, will mean that a large proportion of the Elms Field commercial space will already be let prior to us even beginning work on site.
“There is still a lot of work to be done on finalising agreements over the coming months, and everything will be subject to securing planning consent for the scheme. However this is a real step forward in guaranteeing the level of income for the development which will ensure it remains self-funding as well as delivering a great quality town centre.
“Whilst negotiations are ongoing we cannot reveal specific names. However as soon as we are in a position to, we will let you know. Along with the companies involved, we are keen to share the good news when we can and I am sure there will be lots of interest.
“The regeneration scheme is all about bringing an improved variety of shops and leisure back to the town centre so it can actually provide the great quality experience our residents deserve. We know there is interest from businesses in coming to Wokingham and our regeneration proposals will provide the units that businesses need, supporting a much better variety of business for the town from small independents to larger regional and national names.”