THE SENSITIVE REDEVELOPMENT OF ONE OF ENGLAND’S OLDEST CITIES
The £90 million Old Market, Hereford opened on 1st May 2014 and is the first major retail development in Hereford for 25 years. Located on the site of Hereford’s former livestock market, Old Market was developed by Stanhope and in partnership with British Land who, following completion, take ownership of the scheme.
Stanhope were selected by Herefordshire Council to undertake the much-needed regeneration of the site following a competitive tender process. The 310,000 sq ft open-air scheme located in the heart of Hereford city centre comprises 18 retail units, eight restaurants, a café, five kiosks, 600 car parking spaces and new public squares and spaces. The scheme is anchored by the city’s only department store, a three-storey, 85,000 sq ft Debenhams, and comprises a strong line-up of fashion retailers including H&M, Next, Fat Face, TK Maxx and Outfit as well as L’Occitane and Clarks. The scheme also includes a 24,000 sq ft Waitrose, the first in Hereford.
Leisure accounts for 21% of the scheme (by area), providing a significant boost to Hereford’s leisure offer and evening economy. The line-up includes a six-screen Odeon cinema, the city’s first multi-screen cinema, as well as Chimichanga, Costa, Frankie & Benny’s, Miller & Carter, Nando’s, Prezzo and Zizzi.