November 28, 2017
Legal & General has announced that it is funding Wrenbridge Sport and the City of York Council’s development of the Vangarde leisure scheme at Monks Cross, York.
Totaling £35 million, Legal & General’s investment, on behalf of its Leisure Fund, will build a new state-of-the-art leisure and retail scheme at the Vangarde development.
This will comprise a new 13 screen IMAX 50,000 sq ft cinema which has been pre-let to Cineworld, as well as various restaurants and retail units.
The leisure and retail scheme forms part of the wider regeneration of the Vangarde development which Wrenbridge Sport in a consortium with the City of York Council and Greenwich Leisure Ltd have been working on for the past four years.
In addition to Legal & General’s investment, the wider scheme includes the construction of a new 8,000 seat stadium for York City FC and York Knights RLFC, a leisure complex community hub comprising sports hall, 25 metre swimming pool, gym, NHS facilities and outdoor artificial pitches, as well as further retail and restaurant units.
Richard Arnold, Managing Director of Wrenbridge Sport, said: “Both Wrenbridge and our consultants have worked extensively to deliver this project for the City of York. The support of our wider team has enabled us to deliver one of the most complex projects we have ever been involved in.
“Now we will turn our attention to delivery and our contractor the Buckingham Group, are already preparing to start construction with the aim of completion of the stadium in June 2019.
“At same time we will be building the cinema, leisure, retail and restaurants adjacent to the stadium. It really is a great project for the City of York.”
Author: Amber Rolt
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